Divorce Considerations for Stay-at-Home MothersSunday, May 14th, 2017, 4:33 pm
Divorce can bring many different changes to your family life. While many of those changes are for the better, it’s important to be aware of how divorce may influence your day-to-day life. This is especially true for stay at home moms.
If you’re a stay at home mom facing the possibility of divorce, it’s important that you’re prepared. Here are a few tips to follow before the divorce process begins.
Know Your Finances
As a stay at home mom, you probably have no or very little personal income. Understanding the amount that you will owe can help you better understand what your financial situation may look like after a divorce.
Create a list of your income, expenses, investments, and debts. Know where all your tax documents and bank statement are located, and make extra copies for yourself.
Create a Plan
Your attorney will be able to help you understand how much alimony or child support you may be able to receive, but it’s important that you’re realistic about how much you will get. Depending on your spouse’s income, you may not be able to live solely on this amount.
Determine how long you’ll have to find a job or what your new budget would need to look like. Consider whether you’d need to move, how you can support your children, and what career options you have.
Review Your Agreements and Plan for Separation
If you signed a prenuptial agreement before you got married, make sure you understand the details of what you agreed to. If there is not a prenuptial agreement, talk with your attorney about what you may need to properly prepare for separation.
In most cases, especially when longer marriages, shared assets, and children are involved, divorce can take months or even years to finalize. It’s important that you stay patient throughout the entire process.
Getting a divorce as a stay at home mom can be stressful, but with the right preparation and legal team, it can go smoothly. If you need assistance throughout the divorce process or you have more questions you’d like answered, contact the FK Law Group Queens office.