Secondly, analyze the advantages and disadvantages.
For the three of you (you, him and your children), the real influence of * * lies in political review. Whether taking the civil service exam, joining the army or taking the exams organized by other countries, it is basically impossible for those with criminal records to pass the political examination, which has the greatest impact on themselves and their children. If you may settle abroad in the future, it is difficult for him to have a criminal record.
For him, there are many professional qualifications (such as legal professional qualifications, certified public accountants, etc. It is clearly stipulated that those who have a criminal record cannot apply for the exam. If he wants to start a company in his own name and participate in bidding, having a criminal record will also be an obvious disadvantage. It is a good thing that fraud is not a crime of bribery. If it is a crime of bribery, there is basically no qualification to participate in bidding.
For you, this influence mainly lies in the external evaluation pressure, and the substantive influence is mainly the political censorship I mentioned above.
For children, political censorship, external pressure, and even joining the party will have a greater impact. What needs special reminder is that external pressure is not just about talking to children. If students know this situation after school, there may be discrimination and school violence imposed on their children. Of course, this situation may not necessarily happen, as long as it can be avoided properly, so don't worry too much.
To sum up, the substantial influence is mainly concentrated in the time when you three deal with the party, government and military organs.