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Where to live following a divorce is just one decision to be made

Every marriage is unique and every couple has a different set of circumstances to consider when a marriage appears to be at its end. Due to the emotional turmoil many New Jersey individuals feel prior to and during a divorce, many cannot understand all the decisions that must be made during the process. One decision that is sometimes overlooked is considering where each spouse will live following the divorce. 

Divorced individuals must decide whether they will keep their current home, buy another home or rent. Because every couple has unique circumstances, every couple must make a decision that works best for them. Sentimental attachment or minor children that may be involved may leave some spouses with the desire to remain in their current home. While this is often beneficial for many couples, a spouse must determine if he or she can afford the needed upkeep, maintenance and monthly mortgage payments. There are multiple considerations when keeping a home, including alimony payments, maintaining joint ownership or considering the other spouse buying the portion of the house from the spouse remaining in the home.

Some spouses may decide to move on to a new home, and some find this a viable option because a smaller home may be needed following a divorce. Others may decide to rent during the transition period. Renting is often optimal for many individuals because purchasing a new home can be overwhelming during the emotional and painful divorce proceedings.

Deciding where to live following a divorce is just one of the many decisions that must be made when negotiating a divorce agreement. While all the decisions may be overwhelming, family law attorneys in New Jersey have handled all types of divorce agreements. With their experience, they can assist any couple with understanding their unique process and resources available to assist them through the process.

Source: wtop.com, "Deciding where to live during and after a divorce", Dawn Doebler, Feb. 6, 2018

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Toll Free: 800-481-8549
Phone: 862-781-0029