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Trying to divorce the marital home is a challenge

The family home can be one of the biggest sources of conflict during the dissolution of a marriage. Some individuals who are going through a Montana divorce prefer to retain ownership of the home due to the positive memories associated with the residence. However, this may not always be the best option.

A variety of questions are important to ask when deciding whether to keep the marital home after a divorce. These questions include whether one earns enough money to keep up with the cost of the home, and whether one can actually afford to refinance, for example. In addition, in some situations, a spouse may want to buy out the other party but cannot afford to do so.

When it is not possible for one spouse to keep the home, selling it may be the only option. Before deciding, determining the home's appraised value is paramount. This will give the couple an idea of what to expect from the sale of the home and thus how much each may receive in net proceeds.

Understandably, the decision a spouse makes regarding the family home can have long-term consequences -- good or bad -- when it comes to that party's finances. An attorney can help decide upon the best approach to dealing with the marital home during a divorce proceeding in Montana. The attorney will focus efforts on achieving a settlement that is in the client's best interests and that will be fair now and in the years ahead, considering the circumstances surrounding the divorce.

Source: huffingtonpost.com, "It's Harder to Divorce the House Than the Spouse!", Ashley Tate Cooper, July 17, 2017

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