Should You Keep Your Home After Your Divorce?

Divorce in this day and age is a very common aspect of life in the United States. Whether you believe it or not, you will come into contact with divorce at one point or another whether it is your own relationship, a family member’s relationship, and even many of your friends. However, with divorce now occurring in one in three couples within the United States it is important to consider your options before you say the two words, “I do.” Yet, when a divorce is all said and done, should you keep your house?

The Truth of The Matter

Today, the economy within the United States is in a state of depression, which means that prices are up, spending is less, and people are saving more.  People are trying to make sure that the things that have to be paid are being paid, and things that are luxuries, or non-necessities are not occurring as often. However, when you are going through a divorce there are many factors that you need to consider especially when it comes down to whether or not you are planning on keeping your home. However, it is not simply a “Yes” or “No” decision. It is one that should be thought, and considered heavily.

Important Aspects of Post-Divorce Home Ownership

When you think about having, and owning a home generally most people have the same idea about the monthly costs, utilities, and repairs that usually occur. However, when you have been through a divorce you are now on your own. When it comes down to house payments, mortgages, and insurance you are now having to pay them alone, versus the old days when you and your spouse were collaboratively providing for what needed to be paid. When you are considering keeping your home after you divorce you should consider some of the following ideas, and facts, which include, but are not limited to:

  • Can you afford paying your mortgage, and insurance?
  • Can you afford to pay for repairs if issues occur?
  • If you decide to sell the house later will you experience a loss, or a gain?
  • Will you other financial decisions be based heavily on your home?

Many times in a divorce, one spouse wants to keep the house over the other due to emotional attachment, and sentimental value of the home. However, when you are going through a divorce, or are considering one, contact an experienced, and dedicated divorce attorney today in order to make sure your divorce goes smoothly in your favor, and that you completely understand the costs financially, and emotionally of keeping your home post-divorce.

Going through a divorce can be difficult. Finding the right lawyer will help you deal with this change going on in your life. David Nelson, Attorney at Law, has spent over 30 years practicing law in Kansas. He knows how to handle these cases in the best way. He understands how sensitive and serious these situations are and the impact that it leaves on families.  To serve you better, Mr. Nelson offers a free consultation so that you to get a feel for your legal options and for you to see if he is right for you. Mr. Nelson is qualified and experienced and is a great choice to help you through this time. Call (316) 267-1300 today to set up your free consultation.

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