Can I Keep My House in a Divorce? Must-Knows to Consider

Can I Keep My House in a Divorce Must-Knows to Consider

Divorce is no walk in the park.

There is a ton to lose; not just monetary but emotional as well. Division of assets may seem like a worldly thing to do, but it is a necessity in order to protect and care after one’s family; it is a legal right and a rational thing to do.

Divorce and property

Divorce and property are closely tied together.

Divorce means separating from your significant other and going your own way. There is an extremely good chance that over the course of your relationship, you and your significant other bought or collected a significant amount of items, houses, and assets.

It could have been a joint expense or separate, any spending that you do while being married, the couple as a whole will be held accountable for it.

In the midst of this sour time period comes the equitable division of property. It is bad enough that one has to divide the time that they spend with their own children, mostly because they cannot stay in the same room now. However, the devastation increases when it comes to dividing one’s abode.

A house that you live in and raise your kids, celebrate love, life, special life events, holds indescribable emotional value.

There is a lot of history there. Your first place together, your first honeymoon, your first baby, baby’s first steps, new job, promotion at work, addition in the family – there is a lot of history associated with family and house.

Even thinking about parting from such a memorable place can be torment enough and that’s why it is only normal if you find yourself asking “Can I keep my house in a divorce?”

Divorcing not just your partner but a lifestyle

You not only separate from your partner during divorce, you leave a whole lifestyle behind; your husband/wife, your children, your lifestyle, house, community, and friends.

There is a lot that changes; you do not remain the same person anymore. Life gets rattled and does an entire 360.

Keeping your home

Keeping your home

If you’re just on the verge of divorce or have been there and are trying desperately to keep your abode for financial and emotional reasons, remember, you have the right to your home; something you gave your life to.

Can I keep my house in a divorce? There are some things you should remember in order to make your chances better.

  1. You are newly married, you love and trust your significant other completely. Still, when it comes to finance and expenditures, peel your eyes open. Be very vigilant and keep tabs on who owns the house, whose money was used to buy it, whether it is jointly owned property. Do not stay in the dark.
  2. If you are a tenant, the law remains the same, if the tenant’s agreement is jointly signed, both of you will be held accountable for your rented apartment.
  3. Whenever you think about buying a home or getting a mortgage, keep your eyes open and be vigilant as to where you are signing and what does it mean? Love all, trust a few.

Marriage and property

The answer to the question “Can I keep my house in a divorce?” entails a lot of dynamics specific to your relationship with your spouse.

As mentioned before, love and trust your significant other but stay cautious as well. Find out how much advantageous would it be for you, your spouse and your children.

At times, it is less about the emotional attachment and more about getting a win over your soon-to-be-ex; being in the know-how of your ex’s extended property can help your case as well.

Nutshell

Couples enter into marriage with love, adoration, promises, and dreams.

No one is more distraught and sad after realizing that, that sacred bond is broken. During this time of chaos and torment, a house can feel like a sacred abode, something that you still have from your good old days.

Keep an open eye and if you want and can afford the house, go for it.

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