Legal Separation

AAA

DEFINITION of 'Legal Separation'

For all practical purposes, a circumstantial divorce without a legal decree. Legal separation usually entails a court order that two spouses can live apart as unmarried persons, except that they are still married. A couple that is legally separated must still deal with the typical divorce-related issues such as alimony, child support, child custody and property division.

INVESTOPEDIA EXPLAINS 'Legal Separation'

Legal separation is considered an alternative to divorce for those who may have religious or social objections to an actual divorce. This process can also be used in some cases as a basis for long-term reconciliation. However, the growing trend toward informal separation and no-fault divorces is making this more formal legal process increasingly obsolete.

RELATED TERMS
  1. IRS Form 8379: Form 8379: Injured ...

    A tax form distributed by the Internal Revenue Service (IRS) ...
  2. IRS Publication 504

    A document published by the Internal Revenue Service that provides ...
  3. Alimony

    Payments made to a spouse or former spouse under a separation ...
  4. Married Filing Separately

    A filing status for married couples who choose to record their ...
  5. Married Filing Jointly

    A filing status for married couples that have wed before the ...
  6. Marital Trust

    A fiduciary relationship between a trustor and trustee for the ...
Related Articles
  1. Retirement

    Divorcing? The Right Way to Split Retirement ...

  2. Retirement

    Marriage, Divorce And The Dotted Line

  3. Taxes

    Taxing Times For Divorced Parents

  4. Budgeting

    Get Through Divorce With Your Finances ...

Hot Definitions
  1. Turkey

    Slang for an investment that yields disappointing results or turns out worse than expected. Failed business deals, securities ...
  2. Conduit Issuer

    An organization, usually a government agency, that issues municipal securities to raise capital for revenue-generating projects ...
  3. Financing Entity

    The party in a financing arrangement that provides money, property, or another asset to an intermediate entity or financed ...
  4. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  5. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
  6. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
Trading Center