The date of separation has a huge impact on divorce, but a significant change to California law is about to alter the landscape.
What Is Legal Separation in California?
A legal separation is a formal and legally binding agreement that divides debt, assets, and property between spouses; it will also address the issues of support and custody. Creating a separation agreement is similar to getting divorced, with the main difference being after a legal separation is finalized, you are still married.
“During Legal Separation, Are You Responsible For Your Spouse’s Debt?”
Marriage means intertwining two lives. When a marriage ends, divorce is the process of untangling them. Part of that means dividing up any shared assets you amass together. Another unfortunate part is splitting up any shared debt. That can be a big financial blow. But what happens if you live …