Menu Dwire Law Offices, P.A.
Dwire Law Offices

FREE INITIAL CONSULTATIONS

952-232-0179 local 866-442-9693 toll free

A Tough, Compassionate & Experienced Family Lawyer

Contact Us Now

Custody and finance

Child custody and the personal finance of each parent are a major issue during many divorces. Parents must often make difficult choices in order to afford the things that their children need, and the difficult of dividing up those costs between two people who are currently in disagreement can be tricky.

Theoretically, each parent should be on equal financial footing after an equal splitting of mutual assets and the calculation of spousal support payments to help the lesser earning spouse maintain their lifestyle. However, that is not always the way things end up, with one member of the couple often entering with assets that are not subject to the divorce division of assets. Terms in a prenuptial agreement can also affect the end financial result for many people.

The question of whether finances should affect child custody is also an interesting one. Again, theoretically each parent should have equal resources with which to care for the child. However, the end result can be different and can leave one parent with a bigger house, nicer car, or other apparent advantages. Whether the parent with more resources should have primary custody is a controversial idea, and the answer certainly varies from case to case.

The waters can also be muddied by the ongoing dispute, and the sometimes high cost of legal fees in a divorce. In a situation in which one parent works and the other stays home but has family resources or other savings to rely on, the ability to continue the dispute may be unbalanced.

Source: The Huffington Post, "Should the richer parent get custody?" Pauline Gaines, Sep. 28, 2012

No Comments

Leave a comment
Comment Information
Findlaw Network

Get Family Law Help

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy