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How might staying at home to raise the kids affect your divorce?

On Behalf of | May 10, 2022 | Family Law |

Many couples decide that one parent should stay at home to raise the kids. This might just be for the first few years or until the children finish school.

If you were the one who stayed at home, it could leave you at a disadvantage if you come to divorce. Here are some of the reasons and what you can do about it:

You put your career on hold

You might not be able to enter the workplace at the level you need to command the salary you will need to live alone.

Kentucky divides marital property equitably, so you should explain to the judge why you will need a larger share of assets because you have less earning potential. You can also seek spousal support to fund retraining so you can progress up the ladder faster.

You were unable to put money aside

When you work, you can save money for events such as divorce. If your spouse brought in all the income over the past few years, you might not have had much money of your own to have done that.

Consider asking a judge to award a sum of money to help you through the immediate process.

You know less about your financial situation

If your spouse did the earning, you might have left the management of that money to them. That might make it easier for them to hide assets from you, should they be inclined to.

If your spouse does not freely share financial details, you can ask a court to order them to.

Getting legal help to understand your rights will be crucial to ensure the sacrifices you made for your children will not work against your when you divorce.