How Does a Parent’s Financial Stability Impact Custody Decisions?

contact us for a Free Consultation
dollar bills

There are many factors that a court considers when child custody agreements are being negotiated. The financial stability of a parent can certainly affect the discussion, but custody agreements are rarely decided on that alone. If you are worried that you will not be seen as the most obvious choice to get custody, a Suffolk County child custody lawyer from our firm is ready to make the most convincing possible argument on your behalf.

Will the Richest Parent Always Get Custody?

You may think that you are at a disadvantage because you are not the richest parent. If you make less money at your job or you do not have a job at all because you spent your time raising the kids, do not fret too much about who has more in terms of total resources. You can still offer financial stability to your children even if you make less money than your former spouse, so do not just assume that you are going to lose this battle.

What Factors Other Than Financial Stability Can Determine Child Custody?

Financial stability could factor in, but there are so many other things that a court can look at when trying to figure out who should get primary custody of a child. The well-being and best interests of the child are always the top priority. Then the court can look at:

  • Any history of domestic violence
  • Any past drug or substance abuse issues of a parent
  • Any preference that the child expresses for a certain parent
  • The fitness of both parents
  • How much time each parent spent with the child before the divorce
  • The employment responsibilities of each parent

So this is a lot for the court to consider. This is why, when our clients are concerned that their richer spouse will easily win a custody battle, we tell them that we are still ready to fight for them.

Can an Agreement Be Modified Later if the Financial Stability of a Parent Changes?

In some cases, a parent goes through a hard time and does not offer the financial stability or other qualities that a child needs in a good home. If they can turn their life around and become someone who could be a more stable parent, they should be given the chance to modify their child custody agreement. If you are in this kind of situation, a family lawyer from our firm would be happy to help you.

Do I Need a Family Lawyer?

A seasoned attorney from our firm can help you make the best possible argument for child custody. We are ready to help you gather evidence, build a case, and show the court how you are ready to provide the best possible home for your child.

Contact Our Law Firm

If you are going through a child custody dispute of your own, make sure that you have an experienced lawyer on your side. Contact Peter V. Mandi & Associates, Inc. and schedule a consultation with our team today. We are ready to fight for you.

Our Recent Blogs

Can a Parent Be Required to Pay for College?

College degrees are often required for certain jobs across the country. While they are necessary and the college experience can be exciting and fun,…
Read More

What Should I Include in My Prenuptial Agreement?

When two people decide to get married, they are committing to combining their lives as one. This can be exciting, but it is important…
Read More