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Who decides who gets the house in a divorce? This is pretty simple. Either you and your spouse can figure out who gets the house, or how it is divided, or a judge will make that decision for you.
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Feb 7, 2023 · This guide to who gets the house in a divorce helps you to better understand who might end up keeping shared property when a marriage is dissolved.
- One Spouse Buys Out the Other and Gets to Keep the House. Often, one or both halves of the couple want to keep the house, especially if children are involved.
- One Person Lives in the House Until Both Are Ready to Sell It. If neither person can come up with enough money to buy the other one out but both agree that it’s best to keep the children where they are, couples can agree to keep the custodial parent in the house for a set period of time—usually until the kids leave home—and then sell it.
- Sell the House and Split the Proceeds. If neither spouse can afford to keep the house—or neither wants to—the next most common arrangement is to sell the house and split the proceeds.
- Rent the House and Become Co-Landlords. In markets like New York and San Francisco where rents are sky-high (the average rent in Manhattan, for example, is $4,068 a month), it may be possible to rent out the house and make enough to cover both partners’ new rents.
Directed by Timothy J. Nelson. With Ricky Mabe, Elisha Cuthbert, Sophie Lorain, Carl Marotte. Don and Rebecca Reece are facing the toughest decision of their lives whether or not to end their marriage of nearly 20 years. The Reeces agree to a trial separation.
- (263)
- Comedy, Drama, Family
- Timothy J. Nelson
- 1999
Jun 27, 2023 · The most significant factor determining how a separating couple's home will be split is whether their state follows the community property approach or equitable distribution rules. This article provides an overview of the state laws and rules determining who gets the family home in a divorce.
The laws of your particular state will control how a judge will decide who gets the house after divorce. For example, in a community property state like California, judges are required to make sure all community or marital property gets divided as evenly as possible.
Who Gets the House When an Unmarried Couple Splits Up? What to do about a house you co-own when you split up. Why Trust Us? Fact-Checked. If the two of you didn't sign a joint house ownership agreement that sets forth your intentions in case of dissolution, you have two choices.
