The Homemaker Divorce: 4 Things to Do Now & Protect Yourself
This guide explains 4 things every homemaker or stay-at-home mom thinking about divorce should do and provides a link to download a more detailed e-guide on the topic.
Get involved with the marital finances.Couples who hide financial decisions from each other may be headed for divorce. When parties maintain entirely separate financial lives, or when one spouse controls all the finances, then it can be difficult to maintain a true marriage partnership. Homemakers and Stay-at-home moms are particularly vulnerable. But they can become more involved in marital finances by creating a dialogue about the finances and taking steps to establish their own financial identity.
Understand the alimony laws of your state.When thinking about divorce, it helps to understand your legal rights. Understanding the alimony laws of your state will empower you in making financial decisions. Some states allow alimony and others do not. In Texas, we have spousal maintenance and contractual alimony. You should consult with a lawyer to understand the difference and whether you qualify.
Consult with a career counselor or vocational expert.Getting a job just to survive may pay the bills in the short-term but can be devastating in the long-run. Many jobs can restrict the flexibility a single mother needs to care for her children and limit income and long-term earning potential. Divorce can be a good opportunity to explore career options that will allow you to be successful in the long-run.
Consider a post-nup or marital agreement.A postnup or marital agreement can be a powerful tool for a woman who is or is thinking about becoming a SAHM. Negotiating terms that recognize your value and what you are giving up while the marriage is on reasonably good terms can make things easier in the event of a divorce later on.