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Determining what to do with the marital home during a divorce

| Mar 19, 2019 | Divorce |

Connecticut couples going through a divorce understand how difficult a separation can be. In addition to dealing with the emotional impact of divorce and the effects of the transition on the children, there are a number of financial issues that have to be addressed. One of the more challenging decisions is determining what to do with the marital home.

One partner may want to purchase the other out to keep the home. Alternatively, exes could opt to rent the home out and divide the proceeds. Some former spouses have opted to alternate the weeks they stay in the home, thereby allowing their children to continue living in the home they grew up in.

Deciding on the real estate agent who will be used is important. The agent needs more than just experienced in selling properties. They need experience in selling properties during a divorce. This is a unique process that requires the Realtor to have thick skin. They have to be able to stay the course when the two divorcing individuals have conflicting ideas. Furthermore, they must accomplish all of this while at the same time never playing favorites.

There are benefits of selling the home during the divorce. Each party will get a portion of the home sale and be able to move on with their new life a lot quicker. Determining what to do with the house allows the divorcing couple to focus on other joint financial challenges they have, such as credit card debt, loans and pension arrangements.

When determining what to do with a home during the divorce process, the advice of a family law attorney could be beneficial. Legal counsel can advise a client on how property division laws may impact their decisions.

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