Divorce in the new economy: Legal separation pros and cons

Divorce is an expensive business, not just with lawyers, but without them, too.  Filing fees are high (most California counties charge up to $400 to file – and that’s for each party!), plus hearings take time – and time off work.  Child care expenses may increase, and living apart means separate rent or mortgage payments, utilities, and other household expenses.

So, with that in mind, is a separation financially preferable to a divorce?  In some cases, yes, as this article explains.

Would you, or have you, and your spouse separate without filing for divorce?  Do you have a separation agreement (hint: you should!)?

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