Selling the House

In some cases, a couple will sign a prenuptial agreement before getting married that determines whether or not an individual will keep some of the assets or property that they owned before the marriage began. If a woman owned a house, for example, before the marriage, the prenuptial agreement may have conditions that allow her to keep it in the event of a divorce. Absent a prenup, though, the couple may be required to liquidate assets and split the income.

In many cases, the house is the largest asset that a person or a couple owns. In the event of a divorce, in an effort to evenly split the assets, the house may be sold and then the cash split between the two parties. Sometimes the money will be split evenly, other times it may not be, but it will be deemed “equitable.” Equitable division of assets takes into account the length of the marriage, conduct during the relationship, etc.

If one spouse wants to keep the house, though, there may be other assets that can be given to the other to make the split more even. Everything from retirement accounts to airline miles can be included in asset division during a divorce.

Contact Us

If you are going through a divorce, an experienced lawyer can be very valuable when helping to determine an equitable division of assets. For more information, contact the West Palm Beach divorce lawyer of Eric N. Klein & Associates, P.A. at 561-353-2800.