Would you advise a divorcing person to keep the marital home?

Should a divorcing person keep the marital home?

It really depends upon the details of the case. Oftentimes, the marital home has a lot of work that needs to be done. People don’t necessarily consider that, especially if they have young children and they want to keep the house until the children graduate from high school. In many cases, people don’t realize that the house may need a new roof, new plumbing, or a new hot water heater. There are a lot of surprise expenses that occur with a house, so in determining a final settlement, they must budget for these opportunities and these issues that may arise in keeping the marital home.

Alison C. Leslie, Esq. practices family law exclusively in her Morristown, NJ offices, where she offers her clients the individualized attention of a solo practitioner with the experience of a larger firm.