How likely is it to keep a house during a divorce?
It's a common fear among married couples: what happens to the house if we break up?
If you're in the situation of considering a divorce, you may be wondering how likely it is to keep the house.
There are many factors that go into this decision, but one of the main things that can make or break your chances of keeping the house is whether the house is solely owned by you or jointly owned with your spouse.
In most cases, if you own a home without your spouse and there's no prenuptial agreement, your spouse has no legal right to claim ownership in the property. It's usually considered yours alone, unless there are joint loans on it. If you're worried about losing your home, ask your attorney to put together a prenuptial agreement before tying the knot.
If you and your spouse own a home together, it can get trickier. If there are no prenups in place and the house was bought during marriage, the home will be considered marital property and will be split 50/50 in a divorce. But even if you don't have a prenup, there may still be ways to keep the home from being divided up in court--for example, by proving that one partner contributed half of
The first thing to know is that half of all marriages end in divorce. Of the half that do, about half of those divorcing couples will keep their houses.
When you're thinking about how to approach a divorce, it's important to consider the likelihood of keeping your house. At first glance, it seems like your house is probably worth more than you and your spouse made combined. While this is true, that doesn't mean that you'll keep it in a divorce—mainly because the house was bought with both spouses' resources and assets.
If you need a divorce lawyer, please call this law firm for a free consultation:
Ascent Law LLC
8833 S Redwood Rd Suite C
West Jordan UT
84088
801 676 5505