Divorce can be a trying and stressful period, especially if you’re jobless right now.
If you’re concerned about how you’ll manage to support yourself while going through a divorce, there are solutions available to you.
In this article, we’ll discuss the importance of getting reliable legal advice, whether it’s possible to collect income during a divorce when unemployed, and how we can help.
Should You Get Divorced When Unemployed?
Without a job, you might be concerned about how you will make ends meet even during the divorce proceedings. Before deciding to be divorced, it’s crucial to consider your financial condition and whether you can support yourself.
If you don’t have a job right now, it would be wise to put off getting a divorce until you do. This will provide you with security and a source of income throughout the divorce process.
However, regardless of your job circumstances, you might need to file for divorce right away if you find yourself in a risky or unhealthy scenario.
Is it Possible to Get Income During a Divorce When Unemployed?
One of the biggest concerns for anyone going through a divorce is how to support themselves financially. This can be incredibly challenging if you are unemployed. Fortunately, there are options available to help you get income during divorce when unemployed.
One option is to ask for spousal support. Spousal support, also known as alimony, is a court-ordered payment that one spouse makes to the other to support them financially. The amount and duration of spousal support will depend on a variety of factors, including the length of the marriage, the income and earning potential of each spouse, and the standard of living during the marriage.
Another option is to seek employment or increase your income. While this may be easier said than done, it is important to explore all possible avenues for generating income. This may include updating your resume, networking with contacts in your field, and exploring new job opportunities.
Seek legal advice as soon as possible
If you are considering a divorce while unemployed, it’s crucial to seek legal advice as soon as possible. A trusted divorce attorney can help you understand your rights and options when it comes to spousal support or better known as alimony.
If you are unemployed, you may be entitled to spousal support, but the amount and duration will depend on various factors, such as the length of the marriage, the income of both spouses and the standard of living established during the marriage.
Your divorce attorney can also help you negotiate a fair spousal support agreement or represent you in court if necessary. They can also help you understand other sources of income that may be available to you, such as government assistance programs.
Work with us
At Purposeful Wealth Advisors, we understand how challenging it can be to go through a divorce while unemployed. That’s why we offer comprehensive solutions to help our clients during this difficult time.
We work closely with divorce attorneys, accountants, and other dedicated professionals to arrive at solutions that are tailored to our client’s unique needs and circumstances. We can help you understand your options when it comes to spousal support, government assistance programs, and other sources of income.
If you are considering a divorce when unemployed, don’t hesitate to contact us. Our team is here to help you every step of the way. Everyone deserves to have a stable future, regardless of their employment status.
Contact us today to learn more.
Opinions expressed are those of the author and are not necessarily those of Raymond James. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. Raymond James and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional.
