How is Your Marital Home Divided When You and Your Spouse Go Through a Boston Divorce?
Selling the house during a divorce can increase the stress the involved spouses already deal with. Going through both can create an emotional storm to be taken into account. Real estate, for a lot of couples, is their asset with the highest value and every spouse wants to protect their right to the family home. Thus, each of them wants to get their fair share of it. So, who will get the house if you divorce in Boston? If you want to ensure your interests are protected during your divorce, you should consider working with an experienced Boston divorce attorney. A great attorney can help finalize your divorce as quickly as possible.
What Happens to the Family House in a Divorce?
When you and your spouse decide to end your marriage in a divorce, you may want to sell the family home, so you can get a fair amount of cash you can use for starting over, buying a new house, and moving on with your lives. But you must consider first if it makes financial sense to sell the house. After you sold your home, dividing your marital assets can become clearer.
When Is the Right Time to Sell the Marital House?
Sometimes, selling the marital house when a couple decides to divorce isn’t the best decision. In this case, there will be concerns about who can stay in the house. To decide when to sell the house, consider the following:
- Who gets to stay? Particularly if you and your spouse have children, one of you may keep the house for a smooth transition from the divorce. One option you have in this situation is to have one spouse buy out the share of the other. Another option is to allow one parent to be in the house with the children until they are of legal age.
- The real estate’s emotional aspect. Before your split, you and your spouse have built memories in the house. If you both agree that you keep the house and you might discover it has become unpleasant to stay there as great memories can affect the comfort you used to have while living there. As a result, you may realize that keeping the house is not the best decision for you.
If you are going through the divorce process and wondering how your marital home should be distributed, you must get advice from a reliable divorce attorney. Your attorney can help you avoid litigation, which tends to be time-consuming and costly.