Photo of Professionals at McCoy Fatula, APC
Photo of Professionals at McCoy Fatula, APC

Co-parenting can be expensive. Can you afford it?

On Behalf of | Aug 7, 2020 | Divorce

When two California parents go through a divorce, it is likely that one of their main concerns is how they can protect the best interests of their children from start to finish. One way many do this is by choosing to co-parent. This type of arrangement allows children to have regular access to both parents, and it can provide a sense of continuity of lifestyle for the youngest members of the family.

If you are choosing to co-parent, you may believe this is truly the best arrangement for your family. You and your spouse feel that working together to raise your children post-divorce will be beneficial long-term, even if it seems difficult now. Beyond the terms of your custody and visitation order, you may want to give careful consideration to how expensive it can be to co-parent.

The cost of a new life

A divorce is costly. Even if you and your spouse are amicable or have a prenuptial agreement, it is likely that you will have to give up at least some of your assets due to property division. You may lose part of your retirement savings, and you may have to pay spousal support. You may also have to adjust to life on one income — something that can be much more difficult to do than many realize.

When thinking about the terms of your property division order, consider how your choices may impact your kids. For example, will you have the money to buy furniture for your new home? Do you have the funds to stock your kitchen and buy the food your kids like? In your haste to resolve your divorce as quickly as possible, don’t give up things you have a rightful claim to if it may help you start a new life.

Pursuit of fair terms

Starting your new life will be expensive. Co-parenting will be costly. After all, kids come with many expenses that you and your spouse will share equally. In addition to these things, you have to create a home that is safe, stable and comfortable for the times when the kids are with you.

To make this happen, you must have a fair and reasonable final divorce order. You will find it helpful to work with an experienced attorney as you pursue terms that will make sense long-term. When negotiating and considering settlement offers, think about what will be most beneficial for you and your kids for years to come.

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