October 16, 2019

October 15, 2019

Subscribe to Latest Legal News and Analysis

October 14, 2019

Subscribe to Latest Legal News and Analysis

Do Stay-At-Home Moms Need a ‘PostNup’?

A recent article published in “Today” raised an interesting question regarding the risks associated with stay-at-home parenthood. Despite the fact that stay-at-home parenting is a 24-7 job, all too often, high conflict divorces can draw out a sense of entitlement by the income earner that he or should be able to “keep the money they worked for.” 

Parents who leave the workforce, or who never enter the workforce at all, in order to raise children forego establishing earning potential.  If a stay-at-home parent is suddenly thrust into the workforce due to divorce, her employment opportunities are limited by her lack of work experience and relevant education.  If the stay-at-home parent previously worked and seeks to re-enter the workforce, chances are she won’t be earning at the same level she was previously due to her absence from the workplace. 

Often the income earner has gained work experience, education and promotions during the marriage which has created a significant earning disparity between the parties.  It can also lead to a disparity in access to liquid funds after a separation. The cost of a high conflict divorce often drives settlement and can lead a stay-at-home parent to settling their divorce case for less than fair terms. 

 A good way to avoid such a pitfall is to enter into Prenuptial or Postnuptial Agreement addressing financial matters in the event of a divorce.  A prenup or a postnup is a private contract between Husband and Wife that, upon separation, would be presented to a Court for settlement of their financial matters without the need for expensive and emotionally taxing litigation.  Spousal support, division of retirement and other financial accounts are just a few of the issues that can be addressed in a prenuptial or postnuptial agreement.

© 2019 Odin, Feldman & Pittleman, P.C.


About this Author

Kristina  A. Cruz, Family Law Attorney, Odin Feldman Law Firm

Kristina Cruz believes the best approach to assist her clients is to blend her legal knowledge with each individual client's unique personal objectives to ensure that every relationship is built upon a foundation of mutual trust and client input into the legal process. A background in journalism combined with powerful listening skills enable Kristina to understand the full extent of a family or domestic relation situation and communicate those matters succinctly and effectively in the courtroom. Clearly comprehending all aspects of each individual case gives Kristina the ability to...