Dividing Real Estate In Divorce And Who Gets What
Divorce can be a tricky, messy subject for so many that are dealing with it or going through it. In order to determine who gets what during a divorce, there are some factors to consider. When dividing real estate in divorce, the judge or mediator might work with the couple to determine some key things to make an ultimate decision on who gets what.
When you go into divorce court, keep in mind that not everything is going to go in your favor. The judge rules based on a set number of regulations and steps they are given. Due to this, many people find themselves a bit frustrated when they leave the court room, but it is done to make sure that each party gets their fair share from the marriage.
How Assets and Real Estate is Divided in Divorce There are times when the house that a person owns is their house before the marriage. In this case, the house usually stays with the person that purchased it. If the people have mutual kids together and the person that has the kids most of the time needs a place to live, they would also keep the house. This is dependent on the needs of each person that is fighting over the house and why they would want to keep the house or for what they might use it. Housing kids is important and would need to get priority.