Featured News 2013 Questions to Consider Before Keeping Your Home in Divorce

Questions to Consider Before Keeping Your Home in Divorce

If you are considering the option of a divorce, there are likely a number of stressful details that are flooding your mind this very moment. These may include details regarding the custody of your children's and matters such as child support or spousal support, or perhaps the division of your property or even the debt you have accrued as a couple of the years. Divorce, though necessary for many couples, can also be one of the more stressful seasons of life for a person to go through.

One of the biggest concerns that a couple will have to consider aside from the whereabouts of their children is the matters of the home, and who will get to keep the house. Perhaps you are a mother or father who works from home and you get to spend a large majority of your time in the home and with the kids, and therefore the house holds extra sentimental value to you. Perhaps the home is where you host a lot of the gatherings with your friends, and the thought of leaving this environment would be devastating. However, remember that while keeping the home may appear ideal today, you want to make sure that you carefully consider all of the options before making a decision that can affect your future greatly after the divorce.

The first question you want to ask yourself, whether the wife or the husband, is the reasons behind you wanting to keep your home. As stated, you may hold sentimental value to the property as it holds a lifetime of memories with your family, however, when it comes to money matters make sure that you can actually afford to keep this home after the divorce is finalized. Keep your finances in focus during the divorce, not your emotions, as they can lead to your snap decisions and undesirable outcomes. Another aspect to consider is that when the court is left to determine who get the children or the property, it is more common for the property to be given into the hands of the parents with primary custody of the child.

The next question you will want to ask yourself is whether or not you can actually afford the house that you're hoping to keep. In the midst of the emotional decisions made during a divorce, it is easy to just look at the small picture of just wanting to keep things as they once were; however this is not always the best decision. If keeping your home is going to send you into any form of debt, no matter how strong of a bond you have with the location, it is not worth bankruptcy. Another aspect to consider thinking through is whether or not the home is more valuable than the other assets in your marriage. In a divorce, you want to make decisions that are going to be financially beneficial for yourself and the children down the road.

Going through a divorce can be a complicating season, and afterwards there can still be a lot of heartache and healing that needs to take place. If this is the case for you, perhaps a new living arrangement may be just what your soul needs to move forward from the split. A home can hold a lot of memories from your old life, and perhaps sharing over would be beneficial to your being able to move on. If you are considering a divorce, please find a family attorney in your area today for more information about property division, custody, and other factors that are involved

Related News:

Cooperative Co-Parenting: Tips to Make it Work

Co-parenting can be very hard work. If you plan to co-parent your children with an ex-spouse following a divorce, then you will want to take this advice to mind and possibly employ some of these tips ...
Read More »

Preparing for the Holiday Season Post-Divorce

After a divorce, the holidays will take on a different attitude and demeanor than in the past. Doubtless your family has already mentioned the plan for the holidays, and you will have to come up with ...
Read More »

Prenups to Address Pet Custody

With more American households making pets a member of the family, and with increasing divorce rates, it is inevitable that they may cause a custody battle in the divorce process. Pets and other ...
Read More »