April 13, 2022

Can I Keep the Family Home? with Kimberly Coutts & Greg Fiddler

Can I Keep the Family Home? with Kimberly Coutts & Greg Fiddler
Of all the major financial decisions you’ll need to make in a divorce, few will involve larger amounts of money than the decision of what to do with the house. Few will also have a greater impact on the next chapter of your life. Some couples simply choose to sell, split the proceeds evenly and go their separate ways. Others choose to defer the sale of the home until a later date, especially if kids are involved. But for many divorcing couples, one spouse is inclined to keep the family home and own it outright on their own. The reason, again, could be that children are living at home and there is the goal of minimizing disruption by letting them reside there. Alternatively, if you don’t have kids, perhaps you love your house so much you don’t want to let it go. Or maybe the choice is being made out of pride and ego. Whatever the reason, it’s well within your right to pursue sole ownership (after all, the house is partially yours). So you’ve decided you want it, but how do you get it?