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Who Gets the House in a Divorce?

Who Gets the House in a Divorce?

For happily married couples, a home is full of memories and good times, and is a place to raise a family. But when a marriage breaks down, the family home becomes an asset for the taking and can be a catalyst for hostility. So who gets the house in a divorce? Over the course of a marriage, a couple will accumulate a range of shared funds, assets and property. Although this may be beneficial at the time, if a relationship breaks down and results in divorce, dividing marital assets can prove to be extremely difficult. There’s a lot to consider when it comes to deciding who gets the house in a divorce. If one party had legal ownership prior to the relationship or if children are involved, this may heavily influence the court’s decision. In this post we’ll discuss the role of the marital home during a divorce and what the court will take into account to establish which party will receive the house (and any other property). What Happens to the House in a Divorce? Without a doubt, a divorce is one of the most stressful and emotionally-charged situations a person can experience. It’s only natural for someone in the midst of it to want the experience to be over as soon as possible. While you may be able to divide your finances equally and go your separate ways with a ‘clean break order’, establishing who gets the family home is often the factor that causes the most problems. Unfortunately, there’s not a simple answer or standard procedure when it comes to the ownership of the family home...