Many financial factors can make a separation a suitable option for couples. They would have to consider issues such as:
Their income
The distribution of assets
Familial responsibilities (childcare, education fees, etc.)
In some cases, couples may continue living together in the same family home to avoid taking a financial loss on the property.
Divorce negotiations can become contentious and lead to outcomes that please neither party. By navigating the above issues in a separation agreement, spouses can discuss complicated matters more peacefully.
If couples agree on separation terms, they can save time and money in court fees. The separation agreement can become the divorce decree, speeding up the divorce process. Some states require you to wait six months before a divorce becomes final. There is no waiting period for a legal separation when you want to separate.