Factors to Consider for Stay-at-Home Parents Going Through Divorce
Divorce is a difficult process for everyone involved. For stay-at-home parents, though, the process can be even more frustrating. When one parent decides to stay home to raise the children and maintain the home, they often give up all or part of their own career to do so. At the same time, they may also support their spouse’s career, training, and education. Although this may work in a happy marriage, during divorce it can make things very complicated for the stay-at-home parent.
If you are a stay-at-home parent and are now going through divorce, you may wonder how you are going to overcome the upcoming challenges you will face. Below, our Fort Lauderdale divorce lawyer explains how to prepare for the process and how to protect your rights.
What Challenges Do Stay-at-Home Parents Face During Divorce?
Anyone going through a spouse must provide extensive paperwork regarding their financial situation. Sometimes, the spouse who earns the household income is also responsible for managing the finances, although this certainly is not always the case. When a stay-at-home parent has not actively participated in managing the household’s finances, it can make divorce more difficult. To ensure you are properly prepared, you should collect the following financial information:
- Financial records, including all bank statements
- Debt records, including loan and credit card statements
- Employment records
- Income tax returns
- Paycheck stubs and W-2 forms for your spouse
- Pension details
- Social Security statements
- Retirement savings accounts
You will also have to compile an inventory of all of your assets, including the marital home, vehicles, and personal property. This can help you classify assets as marital or separate and ensure fair property distribution.
Managing finances after divorce can also be challenging for stay-at-home parents. Moving from a two-income household to one is a big adjustment. It is important to create a budget, start building an emergency fund, and ensure your rights are upheld through the divorce process so you obtain any support you need.
Our Divorce Lawyer in Fort Lauderdale Can Help You Through the Process
If you are a stay-at-home parent, it is important that you obtain the help of a Fort Lauderdale divorce lawyer when going through the process. At Haber Blank, our experienced attorney can ensure that you are properly prepared for the process, advise you of your rights, and ensure they are upheld. Call us now at 954-767-0300 or contact us online to schedule a consultation and to get the legal help you need.
Source:
leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0000-0099/0061/0061.html
