Am I jeopardizing my financial future by keeping my house for the wrong reasons after divorce?

You moved into your home right after you married. It’s the home you brought your children to from the hospital and you have hundreds of happy memories associated with it. As a result, it was only natural for you to tell your spouse that you wanted the home when you decided to divorce.

Unfortunately, some spouses hold onto their homes for all the wrong reasons, and doing so can cause financial troubles down the road.

Are You Holding on to Something You Shouldn’t?

Before you decide to go through the process of becoming the sole owner of your home, evaluate your reasons for doing so. If you find you are wanting to keep the home for any of the following reasons, you should reconsider:

  • You are keeping the home out of spite. Some spouses want to make the divorce process difficult for their exes every step of the way. If you didn’t want the divorce or have ill feelings towards your spouse, you may fight for the home just because you know he wants it. If so, you’ll likely regret your decision down the road, especially if it causes you financial hardship.
  • You want to hold on to the marriage. Feeling a sense of loss is understandable after a divorce. After all, you are losing someone who used to be a major part of your life. Keeping your home because of all of the memories you have, however, may not be such a good idea, as it won’t allow you to move on, which you’ll need to do eventually.
  •  You don’t want to uproot the children. Although this is a valid reason, keeping the kids there can cause problems down the road if you can’t afford your home. You’ll need to ask yourself if keeping the children comfortable is more important than staying on top of your finances.

We Can Help

The divorce process is beyond stressful and is full of fears and doubt. The good news is you don’t have to go through this alone. The attorneys of Tavss Fletcher are here to help. Contact us today to learn how and to begin moving on with your new life.