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How to Handle Your Finances During a Legal Separation Have tough financial discussions. Understand your financial picture. Keep accurate records. Open new, separate accounts. Pay joint debts. Think about retirement accounts and insurance.
Take care of yourself emotionally and physically. Take time out to exercise, eat well and relax. Keep to your normal routines as much as possible. Try to avoid making major decisions or changes in life plans. Don't use alcohol, drugs or cigarettes as a way to cope; they only lead to more problems.
In this situation, it's not wise to get down and dirty with your separated spouse. You'll probably end up being hurt or hurting your spouse. The only reason you should consider getting sexually intimate during your divorce is if both of you are committed to trying to rebuild a connection between you.
Boundaries and rules when living together while separated Plan your living space. It is important to organise where each of you will be in the house and when each of you comes and goes. ... Budget. ... Tell the children together. ... Create a co-parenting schedule. ... Date discreetly.
Things You Should Not Do During Legal Separation Do Not Move Out of Your Family Home. ... Do Not Rush into a New Relationship. ... Do Not Deny Your Partner the Right to Co-Parenting. ... Do Not Involve Your Family Members and Friends in Your Separation Process. ... Do Not Sign Any Documents Without the Consent of Your Lawyer.
Short- or long-term spousal support, also called separation maintenance (or alimony in a divorce) may be required if one partner is financially reliant on the other. You may also be entitled to spousal support if your marriage lasted a certain period of time, or because of a variety of other factors.
Don't try to punish your spouse at all. Don't get into a new relationship to spite them. Don't threaten to file for divorce today if they don't do what you want. Punishing your spouse, or attempting to, will only lead to a contentious and very unpleasant divorce.
How Do I Protect Myself Financially From My Spouse During a... Create a Financial Plan for Your Divorce. ... Open Your Own Bank Account. ... Separate Your Debt. ... Monitor Your Credit Score. ... Take an Inventory of Your Assets. ... Review Your Retirement Accounts. ... Consider Mediation Before Litigation. ... Popular Family Law Articles.