During divorce proceedings in San Antonio, a common question that the parties ask themselves is where they will live. One option is to stay in the marital home. The other is to sell the house and then purchase another home or live in an apartment following the divorce.
If one spouse wants to stay in the home, he or she can simply buy out the other party to assume full ownership of the house. The benefit of staying in the marital home is that this aspect of a person’s life can remain steady during and after the divorce proceeding. This is especially valuable for those who have young children in school, as they can remain near their support network and friends. However, being able to afford the home without the ex-spouse’s income may be challenging in the years ahead.
Sometimes selling the marital home is the best move, for a couple of reasons. First, both parties can utilize the profits for leveraging new living arrangements. Second, it may help them be in a financial situation that makes it easier to move forward after the divorce.
Many individuals are emotionally attached to their homes and find the prospect of having to move due to a divorce particularly challenging. However, an attorney in San Antonio can help these individuals to make educated decisions about how to handle the marital home during property division in their divorce proceedings. An attorney’s ultimate goal is to make sure that the client’s rights and best interests are protected, as the outcome can have long-term financial consequences for the individual.