When an Ohio couple is going through a divorce it is often a stressful time. There are so many details to be worked through, many that are life-altering, during a time when emotions are high.
One of the most contentious issues in a divorce is property division and the family home is often one of the most valuable assets a couple owns.
There are several options for a couple as to what they can do with the family home in a divorce.
- Sell it. Many Ohio couples decide to sell the family home and split the proceeds between them. This can be the easiest way to move on.
- Buy out the other spouse. A spouse may choose to buy out the other spouse’s share of the home so that they can keep it.
- Co-own the home. The couple may choose to keep the family home and have one spouse live in it for a certain amount of time, usually until the children graduate. This can keep consistency in their children’s lives which can be important for their well-being.
- Divide large assets. If a couple owns other large assets, such as a vacation home or a large stock portfolio, splitting the assets worth roughly the same amount can be a good idea.
A legal professional who is skilled in divorce can help their client through the property division portion of a divorce settlement.
They are skilled negotiators in all aspects of a divorce settlement and can make sure their client’s best interests are protected.
They understand that what is decided in a divorce settlement can affect their client for many years to come and will make sure their client is set up for success.