Mt. Juliet and Lebanon TN
Divorce cases are seldom easy to work through. With a lot of questions about assets, such as what happens to your house, it can be a daunting and confusing time. After all, you and your spouse chose the home to build your life together. Unfortunately, that can make it difficult to assign a value when it comes to divorce proceedings. Therefore, your leading divorce attorney in Nashville at the Law Office of Yancy Belcher provides some information about who should get the house in a divorce to help you during the separation process.
Buyout
A typical situation for a divorcing couple is the buyout. When either spouse releases a claim to the house, it enters a buyout. One spouse pays cash for a negotiated amount, or they establish a promise of payment in the future. Buyouts mostly occur when the primary caregiver for the children wants or needs to stay in the home. During the process, some intricacies need addressing. Your divorce attorney in Hermitage at the Law Office of Yancy Belcher recommends working with a negotiator that can provide direction and objective advice, so the negotiations are fair and unbiased.
Sell the House
Selling the house is an option for both parties during the divorce, according to your Mt. Juliet divorce attorney at the Law Office of Yancy Belcher. If neither spouse has the desire to keep the home or if neither spouse can afford the home, selling it for the best price possible is the recommended solution. Although moving out of a house can give you feelings that things are final in the divorce and relationship, it can make it easier to move forward in life. Also, the money you receive from selling the home could help secure a new residence and pay for other expenses.
Co-Ownership
In some situations, a buyout or selling the house is not viable means to an agreement. If you and your spouse reach a stalemate where neither wants to entertain a buyout option or sell the home, co-ownership is the solution. For a predetermined amount of time, both spouses must agree to clearly defined terms. Your professional Nashville divorce attorney at the Law Office of Yancy Belcher warns that the co-ownership agreement will redefine your relationship with your spouse. Since you both are owners of the home, you will have a business relationship regarding the property.
Divorce Attorney in Nashville area including Hermitage and Mt. Juliet, TN
Going through a divorce is not a walk in the park as it requires time, diligence, and negotiations. Figuring out how assets are separated can be cumbersome and overwhelming. Fortunately, our top-rated divorce lawyer in Nashville at the Law Office of Yancy Belcher is prepared to help you navigate the divorce proceedings with grace and the law behind your back. If you have questions about assets in a divorce or would like to schedule a consultation about divorce proceedings, feel free to call our office at (615) 773-2889 or contact us online today. “We will fight to protect your legal rights under the law.”
