Dividing a Home in a Divorce

dividing home in divorceOne of the most difficult aspects of filing for a divorce is the division of property, especially the home. In many cases, the court considers all marital property, including a home, as joint property, which should be split 50-50 between the parties. However, the reality of splitting property in half is not easy. There are a lot of factors to consider, which is why hiring a Dekalb County GA divorce attorney is crucial.

Factors to Consider When Dividing a Home

There are several factors to consider when dividing a home. First, you must determine the actual value of the home. Secondly, any outstanding mortgage debt or liens against the home must also be taken into account. Finally, both parties must decide if they want to sell the home and split the profits or if one party wants to remain living in the home, and if so, which one.

If one party decides to keep the home, both parties must determine if the one keeping the home should buy the other one out by paying half of the value of the home minus any outstanding debts, give up other marital assets to offset the value of the home, or to delay the transfer of ownership to a later date, such as wait until the children finish school to sell the home.

Why You Should Hire a Divorce Attorney Fulton County GA

No matter which option you choose to divide your home, it’s vital that you have an experienced divorce attorney Fulton County GA to guide you through the process. A professional divorce attorney will protect your interests throughout your divorce. An attorney can handle everything from obtaining the right documents to prove the real value of your home, ensuring your name is taken off the mortgage, and making sure that the title of the home is processed correctly.

Finding the Right Divorce Attorney

When looking for a Dekalb County GA divorce attorney, be sure to find one with years of experience and a solid reputation for providing exceptional services like the attorneys at Fuller Law Group. These experienced attorneys can handle all aspects of your divorce, including the division of property, child custody, spousal support, and more. Call the Fuller Law Group today to learn more and to schedule your initial consultation.