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Thank you for your question.To answer your question directly, in a separation assets are not yet split. There is a preliminary separation, and also an order stating that all assets earned or obtained after a formal separation is entered are considered to be separate assets, but a full out separation does not yet take place--that only takes place when divorce is granted and entered into. Hope that helps.
This is Arizona - everything here is split in divorce - assets and debts.
Can you request they be split at time of legal separation?
Thank you for your follow-up, Ellis.There is no split of assets during separation because the parties still remain lawfully married. While a preliminary listing of assets can be made and a preliminary separation of assets can be created, it is not final or binding simply because the parties are still married. A true splitting of assets only takes place either at divorce or via a post-nuptial agreement, but it is not generally done by a separation agreement.Good luck.