In many divorces, the family home may be the most valuable asset. Unlike other financial assets, there is no practical way to divide a house!
In almost every mediation case, the choices are limited to these possibilities:
On the surface, it would seem simple to make one of these choices [about handling the family home], but often it is not. A number of factors can complicate the decision.
On the surface, it would seem simple to make one of these choices, but often it is not. A number of factors can complicate the decision.
Maintaining Stability for the Children
While one of you may want to sell the house, the other spouse may feel strongly about keeping the children from having to move away from where they have been living. This can become a difficult discussion if both spouses want to keep the house and live there with the children, as the other spouse may have a sense of being uprooted or otherwise being relegated to an inferior parental role.
Depending on how long you have lived in your home, each of you may have made significant efforts to improve your home to fit your needs. Being asked to forego the opportunity to live in a home that you helped to create can stir up some strong emotions.
Watch for the second installment of this discussion!