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Posted on in Divorce

Lombard family law attorneyIf you are a stay-at-home parent facing divorce, you are not alone. Among the thousands of divorces which occur annually, a significant portion involves a parent that stays home, working to keep the house and family in order rather than working for someone else. Divorce has the possibility of being harder for these spouses than their counterpart, which does not need to be the case. The experience can be beneficial and positive with proper planning and preparedness.

Locate and Maintain Proper Records

You and your spouse’s separate lives have become fused into one shared life together through marriage, no matter how lengthy or brief. The process of divorce seeks to split the two into two equitable parts again. Everything from the house itself to the items within the home, to the finances and retirement plans, will need to be divided. Make these records available to make the process easier:

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Lombard family law attorneyToday, many households are dual-income households in which both spouses work. For the well-being of the couple’s children, however, it can sometimes be beneficial for one spouse to embrace the role of a stay-at-home parent. In these cases, having a postnuptial agreement can help clarify each spouse’s responsibilities in case of a future divorce. Before one spouse agrees to take taking extend time away from his or her career, all the potential repercussions should be discussed.

Children Can Change a Couple’s Career Dynamics

Introducing children into a marriage means change, and some families decide that it would be better for one parent to be at home with the children. Despite advances in equality and changing social views on gender roles, it is still usually the wife who elects to put her career on hold and become the stay-at-home parent. In some families, it is more economically advantageous for the male partner to stay home, and this certainly does play out in many households. Either way, couples with children should consider making arrangements for their children and their finances in the event of a divorce.

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Lombard divorce lawyersMothers choose to stay home with their children for a number of reasons. For some, their family’s lifestyle is easily supported by their spouse’s income, which gives them the financial flexibility to spend time with their children. Others may stay home out of necessity. Regardless of the reason – be it to care for a special needs child, a desire to parent full-time, or simply because they can – all are at risk for lifelong poverty, should their marriage end in divorce. If you are a stay-at-home mom and planning on filing for divorce, or have already been served with divorce papers, learn what you need to know about protecting your financial future, and how you can obtain skilled legal counsel, even if you have no assets of your own.

Why Stay-at-Home Moms Are at Risk

Despite the fact that women often do the very same work as men, they continue to make less per hour for the exact same tasks, positions, and responsibilities as their male counterparts. Furthermore, research has shown that divorced women often struggle to return to the workforce after divorce. This is often due to a lapse in employment that causes them to fall behind on necessary job skills or training. Add to that their lack of retirement earnings and they are at risk for poverty, not just during their child-raising years, but for the rest of their lives.

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PamDivorce is a difficult process for both people, but for a stay at home spouse it can be downright scary. You are suddenly faced with the reality that your life will change completely. While emotions run high, you must muster up the strength to prepare if you expect to come out on top. As a stay at home parent, you are accustomed to your ex being the breadwinner, and now with divorce looming you realize that your lifestyle as you currently know it will change. Wife.org warns against falling into the financial pitfalls of divorce.

Not Having a Plan

Far too often, the stay at home spouse doesn&t think to have a financial plan in place when divorce happens. If your working spouse has moved out, monies for two residences may not be possible. How will you manage? Long before the divorce process begins, it is important to be financially prepared.

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