There are many reasons behind a parent’s choice to stay at home. Regardless of these reasons, the number of stay-at-home parents – both mothers and fathers – seems to be on the rise.
Being at home with the kids can be rewarding, but these parents might worry about what their future will look like if they face a divorce. Here is a glimpse at some of the common concerns.
4 top worries for stay-at-home parents
A divorce can upend your entire life, much less your home life. So, it is only natural for you to worry about these particular matters:
- Child custody: As a stay-at-home parent, your children are at the center of your life. It is natural to worry about the custody arrangement. However, you must know that your role in your child’s life and your promotion of their best interests will be significant factors in determining this arrangement.
- Housing: Will you be able to stay in the family home? Or will you have to relocate? This is one of the most common concerns in any divorce. While you must often divide the value of your home, it is possible to negotiate to keep the home in your divorce. There are many details to consider in this matter – including the division of the rest of your marital assets, as well as the financial feasibility of retaining the home.
- Finances: Simply because your ex-spouse brought in the majority of the income does not mean you will be left with nothing. That is a common myth about divorce. In North Carolina, divorcing couples can seek to divide property equitably rather than equally. Therefore, they will consider income, each spouse’s needs as well as their contributions to the household, among other factors. You can also seek child support, as well as temporary or long-term alimony payments.
- Employment: Along the lines of financial security, you may have to consider re-entering the workplace to increase your own income and manage this new chapter as a single parent. It may be beneficial to revisit your resume, references and other potential application materials.
There will be many unique factors to consider about your situation, not only these four. However, it is important to note that your role as a stay-at-home parent does not necessarily put you at a disadvantage. You maintain parental and property rights that you must know how to protect.