You’ve always loved your home. It was the first property you and your spouse bought together, and it was the perfect place for you. You’ve spent many happy moments here, and it’s close to the people you love and the things you like to do.
When your spouse approached you about getting a divorce, the first thing that you thought about after the initial shock was that you would have to give up your home. Is there anything that you can do to keep it? That is a question with an answer that relies on your personal finances and your negotiating tactics during divorce.
What can you do to keep your home after a divorce?
The first thing you should do is to find out what kinds of assets you have. You will need to collect and document assets for the court, but this also helps you look at which assets are valuable and need to be divided.
When you look at your assets, see what is important to you and what you would be willing to give up or negotiate for. For example, if your spouse really likes the boat that you have at a local marina, you may be able to use that asset as leverage to negotiate and keep your home. Similarly, if you have a collection of valuable classic cars, you might be able to give up your share to your spouse and keep the home in exchange.
Homes are generally the most expensive purchases people make, and they can be the most valuable. Your attorney will give you tips on how to negotiate for, and hopefully keep, your home.