Divorce brings uncertainty about what life will be like after marriage, all the more so for stay-at-home parents who might have to change their lifestyles entirely after the split.
While divorce might be the best decision for the sake of your happiness and that of your family, it can be difficult to navigate the process when so many factors are weighing on you. By keeping in mind just a few essential tips, you can confidently tackle the issues facing a stay-at-home parent during a divorce.
1. Assess finances
You need to know what your financial situation will be like after the divorce. If you do not typically play a role in managing household finances, it is in your best interest to acquire information and documentation regarding bank accounts, debts, retirement accounts and other financial assets.
2. Take inventory
One of the most contentious aspects of many divorce proceedings is the division of marital property. You might find yourself in a stronger negotiating position during the asset distribution process when you know the exact value of the possessions and assets you are adamant about keeping.
3. Plan for the future
It can be exceedingly difficult to transition to a single lifestyle after a long period of being a stay-at-home parent and relying on someone else’s income. Open your own bank account, create a budget, start building credit, and be proactive about searching for career opportunities. Keep in mind that until the divorce is final, you will not know for sure if you will remain in the family home or what the custody situation and visitation schedule will be like.
Divorcing as a stay-at-home parent can feel like you are uprooting your entire life. When you follow the logical best steps, however, you can retain some peace of mind all the while.