Divorce is not easy, especially if it’s ending due to cruelty, violence, or adultery. The home is the most valuable asset whose division can take a toll on both parties. In most divorce cases, one or both spouses are willing to keep the house. A lot of times, it’s to keep the children on track after divorce.
If you’re asking to live in your family home, then you must have good reasons on your plate to convince the jury.
Ability to Afford the House
Living a carefree life does not mean unburdening yourself from finances. If you are planning to keep the family home, then you must be able to afford it. You might not be able to maintain your lifestyle post-divorce, so you need to be prepared for it.
Make sure that you’re making the right financial decision regarding your home, and you’re able to pay for property taxes, mortgage, and maintenance of the house.
Decide to Sell or Stay
The whole situation can get messy if you and your partner both want to stay in the family home. In this situation, both of them have to meet at a point or simply sell the house to get their shares.
Refinancing the Joint Mortgage
Often couples refinance the mortgage after divorce. The duty of paying the mortgage lies on one spouse and relieving the other from the burden. You further need to remove the other spouse’s name from the house title.
If you decide to pay equally for the mortgage, then both spouses will get their share of the money when they decide to sell the house.
Finding out Home’s Equity
One of the best things to do is hire a professional appraisal company to decide on the house’s equity. If the couple is cooperative, then the whole process can be completed instantly. Decide on equity and split it between both parties to pay off any debts incurred after divorce.
Hire Family Lawyers in Brampton to Finalize Your Divorce
If you’re getting a divorce from your spouse, then let a professional handle all difficult tasks for you. A divorce lawyer is skilled in dealing with such cases and can help you in the whole process.
Get a family and divorce lawyer in Mississauga at reasonable prices from our firm. We’re a great option for you to save yourself from conflicts and hassles in a divorce. Fix your appointment or contact us for any queries.
(Disclaimer: This article is only intended for educational purposes and shouldn’t be used as a substitute for legal advice.)
