If you are currently going through the divorce process, you are most likely very concerned about what will happen with your assets, such as your house or car. Of course, for most married couples, their home is their most valuable asset, which is why it is so important that a fair agreement is reached when it comes to equitable distribution. Please continue reading and speak with our experienced Los Angeles divorce attorneys to learn more about what may happen to your house in a divorce and what options you may have to choose from. Here are some of the questions you may have:
Should I sell the house in a divorce?
For many couples, the fairest and simplest option in a divorce is to simply sell the house and split the proceeds. However, this is not always the best option. For example, if you or your children have a sentimental attachment to the house, you may not wish to sell it.
Should both spouses remain on the deed to the house?
If you intend on keeping your house, you have a lot to consider. First, you should note that for many, it is best to remove their former spouse from the deed to their house. Doing so will make it so that the spouse no longer living in the house won’t have to contribute financially to the house and won’t be saddled with and debts the spouse living in the house incurs. Further, removing your former spouse from the deed will make it so you have the right to refinance your mortgage, manage the house on your own, and in the future, you will maintain full rights to sell the home if you wish to do so. If you do not remove your former spouse from the deed, he or she may not approve of you selling it, and you will need his or her approval to do so.
If you have any further questions about what will happen to your house, should you get divorced, please do not hesitate to speak with an experienced California divorce attorney here at the Zitser Family Law Group, APC, today. Our firm is here to help you through every step of the process ahead.
Contact our experienced Los Angeles firm
Divorce and family law issues are notoriously complicated and personal, which is why you must hire an attorney with years of experience, as well as the compassion and skill needed to handle these sensitive matters. For the qualified, dedicated legal representation you and your family deserve and need, contact Zitser Family Law Group, APC today.