Legal separation vs divorce dating
So you’ve gone through the long and wrenching process of divorce and reached what for many is the final stretch: the financial settlement.
This is where the courts set down the terms of the deal between you and your former partner in black and white.
For example, if you are living with a new partner in their home, the court is likely to conclude that you have fewer financial needs following the divorce – or perhaps none at all.
After all, some or all of your maintenance needs are being met. Each case, as mentioned, is judged on its own merits.
Both parties may agree upon the payment of a lump sum in lieu of future maintenance.
The length of a marriage is a central consideration. In law, a “short” marriage is one that lasted five years or less. Thereafter a marriage will be regarded as a “long” one.Much depends on the judge and the facts of the case, but it certainly makes sense to contribute towards your own cost of living if you are the dependent partner.The court will also take new relationships into account.If you have more than one child, car or property, a separate budget can be prepared for each if necessary.This means that the separate costs can be identified far more easily and clearly displayed.