Getting divorced when kids are involved requires you to figure out added issues like child custody. If you are a stay-at-home parent, the situation becomes more complicated as you must also plan for future financial independence. Find out how to simplify the process with the advanced preparation below.

How to Approach Divorce as a Stay-at-Home Parent

1. Get a Financial Overview

To figure out a reasonable separation settlement, take stock of your joint finances. This starts by gathering all relevant paperwork, including tax returns, bank statements, and investment accounts. Also, factor in debts like mortgages.

2. Create a Budget

Next, determine how much money you will need to support yourself and your child. Take into account basic needs, including rent, utilities, food, and clothing, as well as schooling and extracurricular activities.

3. Plan to Get a Job

When it comes to child custody, the courts want assurance that you can support your little one. Plan to get a job and update your old resume and cover letter. Prepare to address the gap in your work experience in interviews. This could start by drawing parallels between your experiences as a stay-at-home parent and the demands of the job like the need to multi-task. Practicing beforehand with a friend can help.

4. Lay the Financial Groundwork for Independence

Many stay-at-home parents don’t have any banking accounts of their own. Set up a checking account and take out a credit card in your name to help establish an independent credit rating. A good score will help you secure loans for your own car, home, and other necessities.

5. Consult a Divorce Lawyer

No matter what you do to prepare, divorce is a life-changing experience that can be emotionally and financially straining. Your divorce attorney will give you reasonable expectations regarding child custody and support and the possibility of alimony, as well as communicate your needs and positive qualities to the judge. They can also examine any prenuptial agreements.

For an experienced divorce lawyer in Lincoln, NE, consult Kleveland Law Offices. Established in 1984, this law firm has a reputation for adhering to the most stringent ethical and legal standards. They approach clients with compassion and understanding, laying out complicated terms in clear language. From alimony to child custody, they will make your options clear. Request a discrete consultation by calling (402) 477-7776 or filling out the online form.