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Division of property can be one of the most contentious aspects of any divorce, as you and your former spouse may have become attached to your assets. There are many factors which may influence the result, and you should be aware that you could become homeless in the blink of an eye. For this reason, everyone need to hire Property Division Lawyer Fort Lauderdale before doing anything else that may affect the outcome of the divorce.
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Everything You Need to Know About Selling your Property During Divorce
Selling your Property During Divorce Division of property can be one of the most contentious aspects of any divorce, as you and your former spouse may have become attached to your assets. You may also each have strong opinions about what you are entitled to, or perhaps, what they are most definitely not entitled to. Courts use the concept of equitable distribution to determine the division of assets and debts.
When the marital home gets mentioned, you and your spouse will have several options: While going through a divorce, you have to think of every single detail that may affect the outcome. Most importantly, you have to sit down with your soon-to-be-ex and discuss property division. • Keep the house and sell it after a divorce (and split the profit accordingly) • One spouse may buy out the other spouse • Sell the home during a divorce and share the profit
Who Does Most of the Work? In situations such as this one, it is essential to understand everything that has to be done before you could actually sell the house. Speak with your spouse about everything, and only when both of you agree, you may proceed with the following: • Hiring a real estate agent (discuss with your spouse who pays for the agent) • Repairing the house (share the maintenance costs with your spouse if he/she agrees, otherwise, deduct them from the profit gained after selling the house. Speak with a knowledgeable Divorce Attorney in Fort Lauderdale in order to understand how you can protect your interests once you invest in your home before you sell it.)
Who Does Most of the Work? • Showing the house (determine who is responsible for showing the house to the potential buyers) • Accepting an offer (this is the most important part that requires both you and your spouse to sit down and discuss thoroughly. If one of you disagrees, you cannot proceed with the sale without consequences down the road) Until you sit down with your spouse and finalize the deal, don’t even think about selling the house. Keep in mind that this involves a lot of work and a great deal of responsibility on whoever accepts to do most of the work.
Dividing the Profit Before you rush and share the profit with your spouse, speak with one of Property Division Lawyers Fort Lauderdale and learn about property division. Perhaps you invested more lately in the house and want the money back, or maybe your spouse paid for the home from her/his inheritance money. There are many factors which may influence the result, and you should be aware that you could become homeless in the blink of an eye. For this reason, everyone need to hire Property Division Lawyer Fort Lauderdale before doing anything else that may affect the outcome of the divorce.
Gustavo E. Frances A family law attorney Fort Lauderdale, Gustavo E. Frances will help answer all your questions, take you through the process and explain to you how everything works. With their help, you will avoid potential pitfalls and know what (not) to do. It is important for you to learn to let go and don’t get too attached to your marital home. The profit you will gain to start a new life somewhere else.
Contact us Phone:- 954-297-6546 Toll Free: 1-866-435-4172 200 SE 6th St #402, Fort Lauderdale, FL 33301 https://www.lauderdaledefense.com/Contact.shtml Monday to Friday - 8:30AM to 5PM
