When a Florida couple decides to get a divorce, they often have many important things they need to work through. One of the more contentious issues a couple can encounter is property division. How important and valuable property is divided between the couple is one of the most important parts of the divorce settlement. The family home can be a sticking point but there are some options couples may choose from.
Sell the home
Many couples choose to sell the family home and split the proceeds. Working through what would need to be done to sell the house and pricing the home for sale are some of the things the couple will need to decide.
Divide large assets
If a couple has several large assets, such as a family home, large financial portfolio, vacation home, etc. they may want to choose to split up the assets with each person taking ownership of assets worth roughly the same amount.
Buy out the other party
One spouse may choose to buy out the other spouse’s share of the family home. They would then refinance the mortgage into their own name.
Co-own the family home
Sometimes a couple decides to keep the family home for a certain amount of time, such as when the children graduate from high school. After a set date the couple would then sell the home and split the proceeds.
A legal professional who is skilled in divorce can help their client navigate the complicated divorce process. There may be disagreements that arise among a couple during the divorce that an attorney can offer advice on. They can also make sure their client’s best interests are protected.