Separate maintenance income is a form of income one spouse pays to another during a separation. This differs from alimony, which is a form of income one spouse pays to another following a divorce.
Separate maintenance income is something a judge has to order, and how this occurs varies by state. For example, some states may consider the amount to cover total support, but others only require this income to cover basic room and board. Those receiving this type of income will have to report it when they file their federal income taxes because it is considered a part of their gross annual income.Learn More
To file for a legal separation in Missouri, either party must file for a petition in the county where he or she resides and have enough evidence to support the petition. Also, a person must be a resident or a member of the military stationed in the state at least for 90 days before the case. Parties usually enter a written separation agreement that highlights the provisions for disposition of property, support and parenting.Full Answer >
There are financial and non-financial pros and cons of legal separation according to divorce expert Cathy Meyer and legal writer Michelle Fabio. A legal separation gives both spouses the ability to live separately without losing the financial and social benefits of a married couple.Full Answer >
A legal separation offers several financial benefits for some couples, according to Jeff Landers for Forbes. For other couples, there are social reasons for remaining married but legally separated.Full Answer >
The advantages of a legal separation over divorce include the ability to stay married yet live apart and to have legal agreements regarding property, children and assets, according to WHAM. The marriage does not have to be terminated in order to have agreements that are recognized by law.Full Answer >