Ciancio Ciancio Brown, P.C.
(303) 872-8919
(800) 746-3560

Leaders in Litigation

Determining what to do with a marital home following a divorce

Many Denver couples may feel that the only option they have following a divorce is to sell the martial home. It is important to understand that every divorcing couple is unique, as is the method they take during asset division. Therefore, what they choose to do with their home depends on a number of factors.

The pros and cons of dealing with the marital home were highlighted in a recent article. As explained, the benefit of selling the house can be cathartic for some former couples that are looking to start over in every way. Before doing so, they should take into consideration the fact that buying separate homes can be a costly endeavor that may not financially benefit both parties in the long run.

If neither party is financially able to maintain the expense of a mortgage, then selling the home is likely the best option. However, if the home loan is upside down, the couple will have to split the debt.

Oftentimes one party wants to continue living in the marital home and can afford to do so. In this case, the mortgage will be moved to the person staying in the home, and the total value of the property will be considered when determining equitable division.

In order to ensure that your rights are always being considered during a complex property division, it is wise to contact a family law attorney for guidance. Laws contain many nuances that may be missed if you try handling the matter on your own.

Source: FT Adviser, "Pros and cons of options for divorcing couples," Emma Ann Hughes, Jan. 2, 2014

Email us your case details

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

Broomfield Office
390 Interlocken Crescent
Suite 350
Broomfield, CO 80021

Phone: 303-451-0300
Fax: 303-464-8000
Map & Directions

Denver Office
1660 Lincoln Street
Suite 2000
Denver, Colorado 80264

Phone: 303-451-0300
Fax: 303-464-8000
Map & Directions

Breckenridge Office
106 North French Street
Suite 230
Breckenridge, CO 80424

Phone: 303-451-0300
Fax: 303-464-8000
Map & Directions

Privacy Policy | Business Development Solutions by FindLaw, part of Thomson Reuters.