Dividing a Family Home

The division of property during divorce proceedings can be a complicated process, especially when dealing with large items like automobiles and homes. The family home is typically the largest asset that both spouses share and have to divide after the divorce. Determining who gets the family home can be a major decision, especially if children are involved. Many parents think that keeping the children in their family home is the best option.

Overall, it can be a struggle to decide if you should divide the house or sell it and split the proceeds. If you are considering or are in the middle of a divorce, you need a legal representative to fight for you. Call the Orlando property division lawyers of the Schlegel Law Group today at 407-648-0280 and schedule a free consultation to discuss your case.

Dividing vs. Selling the Home

If the couple can mutually decide on who gets the home, one spouse can essentially “buy out” one portion of the house. This can mean that the other spouse gets a larger majority of liquidated financial assets or other such benefits for giving up the family home.

In other cases, some couples decide that one spouse should stay in the house due to younger children, but when certain criteria are met later, the house will be sold and its proceeds divided between the divorced partners. These criteria commonly include:

• Children are 18 or older
• The spouse is living with someone else
• The spouse who remains in the home remarries

However, the simplest way to divide the house is to sell it and split the money gained from the sale evenly.

Contact Us

Property division in a divorce can be difficult, but an experienced lawyer can help make this process as smooth as possible. If you have any questions about dividing property after a divorce, contact the Orlando property division attorneys of the Schlegel Law Group today at 407-648-0280.