Can I And Should I Keep The House In My Divorce Case? | DiPietro Law Group, LLC

Transcript

The question of whether you should keep the house in your Virginia divorce case is both a legal and financial question. Houses are different from other types of property in divorce proceedings because families often have emotional attachments to their homes, having lived in them for extended periods of time. Sometimes, people want to keep the house even when it’s not the best financial decision.

We advise clients to make objective decisions that make sense for their long-term financial health. Whether you should keep the house depends on your specific circumstances. For instance, if you couldn’t afford the mortgage during the marriage but will be able to after the divorce due to a settlement or spousal support, keeping the house might be feasible. In other cases, it might make more sense to sell the house, take the proceeds, and buy a smaller residence.

There’s no one-size-fits-all answer. What you should always do is consult with an experienced attorney and possibly a financial advisor to determine what makes the most sense for your situation so that you’re not in a compromising financial position after your divorce.