Palmer Rodak & Associates
Palmer Rodak & Associates
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Can postnups help stay-at-home parents?

It is not uncommon these days for both spouses in a family to be working full-time. While many a California couple chooses to continue this practice once they have children, others may want to consider having one spouse stay home with a baby or child. This choice may be made for a short time or planned for many years. It may also be made later on once a child is a few years old for various reasons be they health, finances, logistics or something else. 

Regardless of the timing or the reason, when one person considers leaving the workforce to stay home with the couple's children, Forbes recommends that creating a postnuptial agreement may be a wise idea. Even if a spouse originally thinks that they will quit working only for a short time, like a year or so, the fact is that they may change their mind and that one year could turn into 10 years. Over the course of this time, their professional experience and skills could become outdated making it hard or even impossible for them to get a job later on making a comparable amount of money as they had previously.

A postnup can outline financial support for the parent who quits working so that if life suddenly finds them divorced and unable to earn a reasonable income immediately, they have some protection and way of providing for themselves and their children.

This information is not intended to provide legal advice but is instead meant to help give California spouses and parents some things to consider about how they may benefit from a postnuptial agreement when making major life decisions.

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Palmer Rodak & Associates
Certified Family Law Specialists State Bar of California Board of Legal Specialization

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