How Does Being Self-Employed Affect Divorce?

By Sophie Turton

While a lot of marriages are happy as they continue for many years, some marriages end in divorce because one or both parties are not happy. Being self-employed can make this harder to figure out because you have no control over a lot of things that your spouse does not have. This is why self-employed people and couples who are getting divorced are good candidates for divorce help.

A great deal of the cost of living comes from the employer. Employers indeed like to have employees. However, you do not pay your bills at your whim and you have no say over where your paycheck is going. If you and your spouse are getting divorced because you are unhappy with the way your marriage is going, you should consider whether being self-employed is really in your best interests. Many times the reason a marriage fails is that one or both partners are not happy with their jobs.

Self-Employed and Divorce:

If you and your spouse are getting divorced because you are unhappy with your job, you should definitely get expert advise. Consider changing jobs or starting your own business if you still love him or her. If you are self-employed you can still get a good job and you will be financially stable if you start your own business. This can help you avoid a divorce when you are finished with your marriage.

What About Your Children?

If you are self-employed and you have children, being self-employed may put your children in more danger of going to live with someone who does not care for them. If you do not have insurance coverage through your work, you may need to provide your children with financial resources to care for them. To get self-employed divorce help, you must find out what your family’s financial situation is so that you can put together an adequate plan for them.

Lawsuits:

Even though the chances of divorce are higher for those who are self-employed, it does not mean that you cannot avoid it. If you are the sole breadwinner for your family, you may find that you are the target of several lawsuits from other relatives who are trying to claim a share of the pie. If this is the case, then you will surely have to prove in court that you are not taking advantage of your spouse’s inability to work. By proving that you are supporting yourself financially, it may be possible to prevent the lawsuit filed against you by your relatives.

Although many people think that divorce is impossible for the self-employed, they must understand that things are not as clear as they seem. It could be because a lot of people are finding it difficult to pay their bills. In some cases, this can result in filing for bankruptcy, which can negatively affect your credit rating for years. However, if you have done your research and you are prepared, it is possible to get through this ordeal. Remember that your goal is to prove that you are still a viable financial investment to your family, so take care of your family and yourself and you will be on your way to successfully separating from your self-employed status.