I'm Separated, Why Should I get Divorced? - Reason #1: Cutting Financial Ties
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If you are separated but believe that there is a chance of reconciliation, then you should not get divorced (and you do not meet the legal standard to do so anyway).
However, if you are separated and you do believe that your marriage is over, then there are some compelling reasons not to wait to get divorced. This four part post will highlight the most compelling of these reasons.
Reason #1 Not to Wait: Cutting Financial Ties
So long as you are married, you have a financial link to your spouse. In Massachusetts any property that you hold either jointly or individually can be considered marital property subject to division by the family court. This means that if you acquire financial assets after your separation your spouse may have a claim to those, even if they didn't pay a dime to help you obtain those assets.
Similarly, if your spouse incurs debt after your separation, you may have some obligation to help pay that debt. This is true even if you had nothing to do with the items purchased.
The Court does not ignore the fact of your separation, and it may have a significant impact on how those post-separation assets or debts are divided. But the separation is only one factor among many that the Court must weigh. This means that until the divorce is filed, you are financially linked to your spouse whether or not you are physically separated (and whether or not you separate your finances).
Read Reason #2: The Ticking Time Bomb.
More related web entries for - I'm Separated, Why Should I get Divorced? - Reason #1: Cutting Financial Ties:
- undefined
- Custody Reform: What is it?
- Follow Up Story: No-Fault Divorce is now the law in all 50 states!
- Can I start dating during my divorce?
- When can I (or will I) get re-married?
- Divorce or Long-Term Separation: A Comparison.
- Client Choice: Flat Fee vs. Hourly Rates
- Mediation, Collaborative Law or Litigation: What's your Vote?
- Divorce is not a Four Letter Word
- Equitable Division: This isn't Judge Solomon's Court
- This is your life, but it’s my job. And that’s a good thing.
- How should a Child's Age affect their Parenting Plan?
- Is Divorce different for Men & Women?
- Is a Friendly Divorce Possible?
- Will I be able to keep my health insurance after the divorce?
- Alimony Reform Act approved Unanimously by the House
- Protecting your Privacy in a Divorce. Who has access to your mail, e-mail, etc.?
- How much will my Divorce cost?
- 5 Worst Divorce Mistakes - MISTAKE #1 "My kids have a right to know what's happening."
- 5 Worst Divorce Mistakes - MISTAKE #2: "All of this is because of that slut!"
- 5 Worst Divorce Mistakes - MISTAKE #3: "Our friends should know my side of the story!"
- 5 Worst Divorce Mistakes - MISTAKE #4: "Do I have to tell the court about EVERYTHING?"
- What are the 5 Worst Mistakes People make in their Divorce case? MISTAKE #5: "I Want My Day in Court"
- Is No-Fault Divorce a Good Thing? It may soon be the law in all 50 states.
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- What do I do if my ex threatens to take our child out of the country?
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