DIVORCE TIPS FOR STAY AT HOME MOMS
- Prepare documents
First of all, you must get your documents in order. Documentation of marital finances will help you get a fair settlement. The papers you should gather and organize include:
- Bank statements
- Tax returns
- Insurance policies
- Investment accounts
You should also have a list of all your marital assets and debts. These documents will not only help you understand where you stand financially, but they will also assist your attorney, accountant and/or financial advisor in negotiations.
2. Create a financial plan
Without a clear financial plan in place, your divorce may lead to instability. Put a budget together and determine what you may need to do to remain financially secure after your divorce. Consider whether you need to get a job, go to school or receive vocational training.
3. Fight for alimony
If you are a stay-at-home mom, it is likely you will get primary or joint custody of your children. You will need to provide evidence you require spousal support payments from your ex to continue your previous lifestyle and provide stability for your kids. However, remember that even if you receive support payments, you will likely need a financial plan to cover some expenses.