When a marriage is over you and your spouse have options on how to end it.
For instance, a recent study shows that married couples are choosing to separate than end their marriage. As you may know, divorce is the legal process to permanently end your marriage. In other words, you become single again.
However, a long-term separation does not involve legally ending your marriage. Instead, you remain married but live apart. You may date other people or choose not to do so. The nationwide study cites the new trend towards long-term separation among couples facing divorce involves finances. Approximately 80% of the survey respondents did ultimately divorce within three years of separating. About five percent did attempt to reconcile. The remaining respondents, about 15%, say their separation didn’t lead to divorce or reconciliation within a 10-year period.
Pros of Long-term Separation
Health Insurance Coverage – Remaining married means that you and your spouse can keep your healthcare coverage. It could be a huge benefit when one spouse may have trouble getting good healthcare coverage because of any health problems.
Keeping the Marital Home – Selling the family home may not be in the best financial interest. This is what usually happens during a divorce. In fact, selling the home may place a huge burden on you. For instance, you home may have trouble selling even in an excellent housing market. Some couples may continue to live in the home to save money.
Income Tax – If you stay married instead of getting divorce, you can still take advantage of tax income tax benefits. This means that it could increase your deductions or tax credits.
Social Security or Pension – If you’ve been married for close to or over 10 years, you pro to separating is receiving a share of each other’s retirement benefits. This is especially an advantage when you and your spouse are on good terms.
Other Reasons – Specific reasons may vary from person-to-person. For instance, pros of long-term separation may include: the ability to continue to raise children; possibility of reconciliation is easier; being unsure divorce is the right step; or divorce is against your religion and the negatives will outweigh the positives.
Cons of Long-term Separation
You Want a Fresh Start – Since a divorce permanently ends your marriage you receive a fresh start in your life. For instance, you may want to date someone without having to explain that you are technically married.
You Don’t Have a Good Relationship with Your Spouse – Over time your good relationship with your spouse may take a turn for the worse. If this happens, a long term separation isn’t to your advantage.
Economic Independence – You may not want to continue to share your finances with your spouse.
Divorce is a Better Option – You may have the money to divorce. If you and your spouse agree on most issues like property division and finding a good child custody lawyer, you may obtain a no fault divorce.
It’s possible that you still believe in marriage. You may want to remarry one day. A long-term separation won’t allow you to do that. Thus, divorce may be a major benefit to staying married to your spouse.
Ending your marriage is never easy. There are pros and cons to staying married, but living apart. If the love is still there, then you may choose to one day reconcile. However, you may not. There are other pros and cons not listed here. If you are considering divorce or long-term separation, it’s best to obtain legal advice to help you figure out which is a better option for you.
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