Advice for Stay-At-Home Mothers Facing Divorce
Both you and your spouse have had your own distinct roles when you were a mom who stayed at home. While your husband went out to work, you did your part inside the house and things were going on nicely. But now that you are going through the divorce process, you may want to do various things to ensure that your divorce is a smooth one. After all, you have to get ready for your life ahead after your divorce. Check out the following smart tips while facing a divorce.
Tip 1: Get in touch with an experienced financial advisor
When you consult an experienced financial advisor, they can be of a big help to assess your potential settlement choices from the perspective of future planning as well as cash on hand. He or she can guide you in investing any non-retirement or retirement funds that you get as a settlement amount from your divorce. A financial advisor can also assist you in putting together a budget that can help you to find out the amount of money you will require after the divorce and often helps you to stay away from any kind of financial difficulty.
Tip 2: Consult a good accountant
You may have had an accountant who guided both you and your spouse when you were married. However, now that you are getting divorced, you will need an account exclusively of your own.
You should have an accountant of your own for various reasons. An important reason is there could be certain occasions during a divorce when you will need an accountant for reviewing your potential settlements. An accountant can also help you in understanding the tax consequences while guiding you in matters that are usually in your interests. So it is time you have a different accountant of your own and stop sharing the sand accountant as that of your husband.
Tip 3: Get your house appraised
A big mistake some couples commit is when they let a mediator guess the worth of the home they were living in. It could be highly likely that your house is the biggest asset for you. Hence it makes sense to get it valued properly rather than relying on certain websites who are into conducting valuation of the properties. When you fail to do so, you may end up in different types of troubles as Internet values may not be the actual ones. In case you are thinking of purchasing the home from your spouse or vice versa, you may have to ascertain that the sale price of the property is a proper and fair one.
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.