Many who are in the divorce process never even considered filing for a
legal separation. They felt it was unnecessary or were not even aware
that it existed. In truth, it not only exists, but can also be the most
beneficial legal move for many who are experiencing marital problems and
If you are having problems in your marriage, consider contacting an experienced
Arizona family law attorney to draw up a legal separation agreement for
you and your spouse to sign. As long as you and your spouse agree on terms
readily, the process should be smooth and easy. Having a legal separation
agreement in place provides protection in case a spouse does not live
up to obligations that are outlined in the paperwork. There are many benefits
to having a legal separation in place, but many will particularly appreciate
the financial benefits.
Benefits of a Legal Separation
If you would like to find out how a
legal separation agreement
could benefit you financially, contact the Arizona divorce lawyers at
Arizona Family Law Attorneys.
- If, according to the legal separation agreement, you are paying spousal
support, you can claim a deduction for those payments at tax time. If
you are separated and making payments to your spouse with no legal separation
agreement in place, you cannot use the payments as a deduction on your taxes.
- Having a legal separation agreement in place will enable you to retain
certain benefits that were in place during the marriage. For instance,
if you were covered under your spouse’s health insurance plan, having
a legal separation agreement in place will enable you to include verbiage
allowing for continued coverage.
- In cases where there is a family home, the legal separation agreement will
outline in writing who pays for what in regards to the property. This
ensures that the important aspects of home ownership are not overlooked
during the separation: mortgage payments, maintenance needs, utilities,
lawn care, etc.
- The legal separation agreement will define who has access to which joint
accounts. It could also state that all joint accounts are to be closed
and individual accounts be opened instead.