HOW DOES THE DATE OF SEPARATION IMPACT THE DIVORCE PROCESS?
An important early legal step in a divorce is determining the date of separation. The date of separation is referred to as the valuation date in family law. It is very significant in two ways:
1) it determines when you are able to get a divorce as typically you must be separated from your spouse for one year prior to obtaining a divorce;
2) the value of your assets on that particular day will determine how your property is divided between you and your spouse.