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You had a car from before you married. You got married. You sold the car and used all that money (and no other money) to buy a different car. That car is your separate property even though you bought it while married.
There are three types of separation: trial, permanent and legal.
Here's what you should not do during a separation. Letting others influence you. When you and your spouse decide to separate, consider keeping this information private. ... Moving out. ... Jumping into a new relationship. ... Making rash decisions. ... Punishing your spouse.
How does a home buyout get calculated in a divorce? First, you must determine the appraised value. Once you have that figure, subtract the mortgage obligation from it. This is your total equity. Now it's time to calculate your net equity. Divide your total equity in half. This amount is each spouse's net equity.
To govern a legally separated couple's arrangement, they must obtain a Separation Agreement and file it with the court. If couples can come together to agree on the terms of their legal separation, they can create their own Separation Agreement.