Recession signs have taken over the world, raising concerns for job security and finances. If the concerned authorities do not tame the increasing interest rates, it will soon lead to a high unemployment rate. Hence, if you are going through a divorce or about to initiate one, how concerned should you be about the likely job loss?
This piece answers this question and many more:
Establish the Cause of the Job Loss
Was the job loss triggered by employee misconduct or due to staff reductions? No one will hold you responsible for the decrease in your income if the job loss is due to workforce streamlining. While searching for a new job, everyone knows job hunting will take a while, depending on the specific profession.
However, if the job loss is due to misconduct, the person is responsible for reducing their income. For instance, if your ex-spouse is paying alimony or child support and loses their job because of their misconduct, it does not necessarily exclude them from the same financial commitment. Their inadequacies led to job loss, and the law is not concerned about it.
Keep a Detailed Record of Your Job Search if You Lose Your Job
The court will analyze your effort to secure new employment after a job loss. Ensure your resume is current and have a log of every job application and submission date. Also, keep note of all interviews and scheduled ones.
Be Realistic
If your estranged spouse lost their employment, be realistic about the kind of job they can find in the present job market. For instance, if he or she was working in a sector suffering from widespread layoffs, be patient as he or she explores other options. While this may tentatively lead to an amendment to spousal and child support, you can revert to the status quo after they have secured another employment.
Try to Secure an Employment in Your Area of Expertise
One of the issues up to debate is if an individual who loses their job should accept the first employment that comes their way or should dig in until they find one in their niche. At the start of job hunting, employees should seek employment in the same sector and at an equal salary range as their last job.
If the search is taking longer, you may need to explore opportunities in other areas. You can switch if you eventually find a job in your field. However, being adamant about taking other options means you are unwilling to work, and your ex-lover can use it against you in court.
Consider Other Contemporary Means of Income
While you may have lost your employment during a divorce, the court may consider some earnings for support purposes; you cannot hide under job loss to evade responsibilities if you still have other sources of income. For instance, did you collect a severance package as part of your sack? Was there a medical incident leading to the termination?
If yes, is the person currently enjoying any form of disability payment? In some states, these forms of earnings are eligible for support purposes. Thus, it will be helpful if a partner knows about their existence.
“If the situation is dicey, you may need to involve a lawyer who will make things more transparent or even defend you in court. Evading responsibilities under the pretext of job loss will not help your case.” says attorney Shawna Woods of Atlanta Divorce Law Group.
Media Information:
Atlanta Divorce Law Group
Alpharetta, Georgia
https://atlantadivorcelawgroup.com/
