Who Gets the Family Home in Family Legal Disputes?
For
many couples who have been together for several years and established a life
together, the family home is their most valuable asset. As so much emotion and
money that has gone into the home over the years, it is often an area of
dispute in divorce proceedings. Because each state has different regulations
concerning family law, it is essential to recognize how your state's law
applies to you.
For
experienced legal counsel regarding divorce and family law matters in your
state, contact Jos Family Law or a lawyer in your area at your earliest
convenience. You will be required to engage in several legal procedures no
matter what choice you decide to make, so it is best to let an experienced
attorney handle the paperwork, deadlines, and other minute details.
When a
home is considered an asset in the marriage, a couple may choose to do the
following:
- Sell the house
and split impartially
- Have one spouse
buy out the equity of the home from the other
- Trade the share
for other assets
- Keep the home in
the family for when the children grow up, or another spouse remarries
When
you and your spouse choose to sell the house, there are several details to
consider, including tax implications, negotiation, appraisals, and mortgage
balance, etc. This is usually a very lengthy process that can be extremely
complicated to try to manage on your own, especially when you may have other
hardships to deal with, including child custody.
Family
disputes can be extremely expensive, upsetting, and stressful. Regardless of
that, it would be best if you got the right advice before making a move on
divorce, parental custody, child care, adoption, or other vital legal matter.
Reach the law office of Jos Family Law, the best Family Law Attorney at
(714) 733-7066 or jos@josfamilylaw.com, to get the guidance you require to make
smart, knowledgeable choices about your life and the lives of your kids.
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