${site.data.firmName}${SEMFirmNameAlt}
724-610-9914

Property division involving marital home can be challenging

Getting divorced can be both emotionally and financially challenging, especially when two spouses are at odds about how to handle matters such as the distribution of assets. In fact, what to do about the marital home can especially be a major area of contention when it comes to property division. A couple of tips may help with effectively addressing the marital home during a divorce proceeding in Pennsylvania.

One option that may benefit two divorcing spouses is nesting. In this setup, the children live in the family home, and the parents simply take turns staying there. The parent who is not staying in the home will typically stay in an apartment that both parties have rented, with both of them splitting the rental costs. Long term, however, it may be helpful for one party to buy the other spouse out, or they could simply sell the property and divide the proceeds.

The benefit of selling the house is that the spouses can both gain money from the transaction and move on with their separate lives. However, selling the house comes with several expenses, ranging from the real estate agent's commission to making home repairs prior to the sale. These costs usually average to around one-tenth of the home sale price.

Property division can be one of the most confusing aspects of any divorce proceeding in Pennsylvania. This is especially true if both parties are emotionally attached to the marital home and wish to keep it. However, an attorney can provide guidance and help with making informed decisions regarding how best to split a couple's assets during this type of family law proceeding.

Source: usnews.com, "Divorcing? Should You Divorce Your Home, Too?", Geoff Williams, Oct. 11, 2017

No Comments

Leave a comment
Comment Information
Email Us For A Response

Contact The Firm

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Stewart, McArdle, Sorice, Whalen, Farrell, Finoli & Cavanaugh, LLC

Greensburg Office
229 South Maple Avenue
Greensburg, PA 15601

Toll Free: 866-601-9627
Phone: 724-610-9914
Fax: 724-836-2038
Greensburg Law Office Map

Crabtree Office
Crabtree Branch Office
Rt. 119 North
Crabtree, PA 15624

Toll Free: 866-601-9627
Phone: 724-610-9914
Fax: 724-836-2038
Map & Directions

Ligonier Office
Ligonier Branch Office
610 West Main St.
Ligonier, PA 15658

Toll Free: 866-601-9627
Phone: 724-610-9914
Fax: 724-836-2038
Map & Directions

Contact The Firm