Reply to After working 20 years became SAHM - how to protect self financially

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[quote=Anonymous]I wouldn't have SAH if I thought that I had needed to contact a lawyer to write up a postnup.  The decision to SAH with your child(ren) is a personal decision, not a business transaction.  If you make the choice to quit your job and SAH it is going to be up to you to maintain your professional connections and skills if you want to maintain the ability to step back into the workforce.  Your husband will become the primary breadwinner and hopefully he'll be able to put more time/energy into forwarding his career and earning capacity.

Your marital assets belong to you both 50/50 (including your husband's income).  But by agreeing to SAH you are also accepting the risk that you will most likely become less employable every year you remain out of the workforce. If I had never stopped working 20 years ago I'll guess that I probably would have topped out at 75K.  Does that mean that I could get a 75K job now?  No.  Does that mean that if my husband and I split up tomorrow that he owes me, as his ex wife, a 75K/year income out of his own pocket.  No.

I would get half our marital assets (minus 1/2 debt), retirement savings, most likely some alimony for a limited time and possibly some job training to get me on my feet again.  I'm guessing we would share child custody so no child support.

So, Op, my advice is to make sure that you are really up for this because your life will be changing in a significant way.  Make sure that you and your husband work well as a team.  Go easy on the credit cards and other debt because half of that belongs to you.  And save for your future together.[/quote]

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