Will you be able to keep the house after your divorce?

On Behalf of | Jun 3, 2022 | Family Law And Divorce

When a married couple divorces in Connecticut, the spouses have to find ways to separate their lives. If they cannot reach a settlement on their own, then they will need a judge to help.

Couples who make their own property division decision can essentially set whatever terms they want. Those who litigate property division can expect the judge to interpret state law as it applies to their circumstances.

Your house is probably the most valuable property you share with your spouse. What happens to your home when a judge tries to divide your marital property equitably in your divorce?

Your circumstances determine what happens with your property

In all but the rarest and most unusual of circumstances, the home will be marital property that partially belongs to each of you. You will need to figure out what the home is currently worth to ensure a fair split.

A judge will look at the property’s value, your current income and multiple other factors when they decide what to do with your property. Your ability to finance the house and your child custody arrangement can influence who keeps the property.

What happens to your house will also play a role in what happens to the rest of your valuable personal property. Sometimes, a judge may determine that neither spouse can manage the home on their own and they order the spouses to sell the property. Other times, one will keep the house and the other will receive some of the equity or other marital property.

Understanding that you will receive your fair share of the home’s value regardless of who retains the property may help you feel more comfortable as you move forward with your Connecticut divorce.

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