What is the significance of the Date of Separation?

The Date of Separation is important because that is the day the community has come to an end…i.e., every dollar you make is no longer 1/2 your spouses.  If you decide to purchase a home, start a business, etc., you no longer have to share that asset 50/50 with your spouse.  However, you need to make sure you and your spouse agree to the date of separation, you cannot just arbitrarily pick a date that you think will be most beneficial to you…and the although it sounds nice and straight forward, it can still be tricky…so ALWAYS consult with a professional before making ANY decisions based on this general information…:)

by: Amanda Singer

Amanda Singer with west coast family mediation center

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