Should I Keep My Home in a Divorce?

In many divorces, the house is the single largest piece of property that must be dealt with. You and your spouse will need to decide what is to be done with it, and the two main options you’ll have to weigh are keeping it or selling it. If you decide to keep it, either you or your spouse will get ownership of the home, whereas if you decide to sell it, you can split the money any number of ways. But because of the enormity of the decision (and the myriad ways it will impact your life), many people find it a difficult one to make.

The best decision for you will be highly dependent on the circumstances of the divorce, and you’re the only one who can decide what’s best for you. On the one hand, you may find the home to be your rock, a safe harbor in a sea of confusion and trouble. Your children may handle the transition of divorce better if they can go to sleep at night in the same beds, go to the same school, and see the same friends.

On the other hand, though, you may have to make a lot of concessions in other areas in order to retain the house. Additionally, the mortgage on the property may be too high to pay on your own. However, if it is important to you, you can negotiate the structure of your mortgage, or consider co-ownership of the house with your ex-spouse. There are a number of workable options for those who want to keep their house.

Contact Us

If you’re going through a divorce and are worried about keeping your house, contact the West Palm Beach divorce lawyers of Eric N. Klein & Associates, P.A. by calling 561-353-2800 today.