WHAT ARE YOUR OPTIONS WITH THE MARITAL HOME DURING DIVORCE?

For 99% of people, their largest asset is their home. During divorce, determining disposition of the marital home is often the most significant financial item in the resolution of the marital estate. Some parties agree to sell the marital home and divide any remaining equity equally; others will reconcile prospective equity in the marital home with setoffs from other financial assets in the marital estate. Or, if there is an interest and financial ability, one party can be awarded the marital home in exchange for a buyout. If you have any questions about disposition of your marital home during divorce, please contact us to discuss your options.