Smart Tips for Stay-At-Home Mothers Facing Divorce
Both you and your former spouse had your own distinct roles while you were married and a stay at home mother. While your ex husband worked outside, you did your work inside the home. In fact, everything went on pretty well.
But now that you are getting divorced, you need to do plenty of things to ensure that your divorce remains a smooth process. It is particularly true since you are looking forward to a fresh beginning after your divorce comes through.
Here are some of the smart tips, which can be a big differentiator to thrive successfully after your divorce gets finalized,
Get yourself an experienced accountant
It may be the case that both you and your then spouse have hired an accountant while you were married. but now that a divorce period has been already filed, it is better to have a separate accountant . You should have your own accountant for two main reasons. Firstly, there could be occasions during the divorce proceeding when an accountant will be needed by you for reviewing potential settlements. He or she will help you to realize what could be the consequences in terms of taxation. When you have a separate accountant, you can get the get the best possible guidance from them. Secondly, divorce may have some tax implications. It is particularly true in the first couple of years. For instance you could be a co-owner of your home. Alternatively you may have to file certain forms to make sure that your returns are filed properly. When you have an accountant to guide you, handling such issues becomes child play.
You need to have a reputable financial adviser in your team
Just like having an accountant can save your headaches with respect to taxes, a good financial advisor can guide you in examining choices of potential settlement from the perspective of both future plans and cash on hand. They can even advise you to invest in non-retirement or retirement funds that you get as a result of your divorce settlement. Thus they will help you to carve out a budget so that you are aware the kind of support required for you after the divorce and help you to be out of financial difficulty.
Get an appraisal of your home done
A big blunder committed by many estranged couples is that they make a guess of the worth of their home. Your house could be the biggest asset so its proper calculation is a must. It will not be of much use to rely on only certain real-estate sites.
Getting divorced in California can be complicated. Download our free eBook, 18 Important Things to Know About California Divorce to educate yourself on the process.
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