What to do with the family home in a divorce

On Behalf of | Feb 21, 2021 | Divorce |

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.

  1. 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.
  2. 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.
  3. 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.
  4. 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.