Does a legal separation protect you financially

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How Binding Financial Agreements Can Protect Your Business During Divorce or Separation
By specifying so in your separation agreement, you can protect yourself from any future debt incurred by your spouse. Each party can become responsible for. Legal separation protects a spouse financially because the separate property remains with the spouse who owns it, including property owned before marriage. As your separation agreement isn't legally binding it could leave your vulnerable to financial disputes and unexpected losses.