What to do if you are a stay at home mom and want a divorce?

What to do if you are a stay at home mom and want a divorce?

Divorce & The Stay-At-Home MomGet all of your financial documents together: Gain access to funds: Craft a new budget: Know what the marital house is worth: Get a handle on your credit: Plan to return to work: Consider requesting temporary alimony: Hire a team of qualified professionals:

What is a military spouse entitled to after divorce?

After divorce, the former spouse is entitled to the Continued Health Care Benefit Program (CHCBP), which is the Tricare version of COBRA for three years. And as long as the spouse remains unmarried and was also awarded a share of the military retirement or SBP, the former spouse may remain on CHCBP for life.

Can a stay at home mom get alimony?

Stay-at-home mothers can often collect long-term alimony until they are remarried or if their ex-husband dies. The amount of alimony a stay-at-home mom obtains in a divorce is dependent on each spouse’s finances and a stay-at-home mother’s financial needs.

What should be included in a marital settlement agreement?

A marital settlement agreement spells out the terms of the divorce and the relationship between the two spouses after the divorce. These agreements usually cover property division, child custody, child plans, debt division, spousal support and any other relevant issues related to the divorce.

What is considered a fair divorce settlement?

A fair settlement must identify marital property and separate property. If one spouse owned property or assets prior to the marriage, and those assets haven’t been commingled, that spouse should receive that property in the divorce settlement. An inheritance or gift received by one spouse is also separate property.