A Knowledgeable Perspective On Keeping The Marital Home

Your house can be one of your greatest assets. While parting with it can seem unfathomable, retaining ownership of it may not be without cost, financial and otherwise.

The attorneys at Weinberg & Cooper, LLC, can advise when keeping the marital home is possible and practical. We understand the deep emotional attachment you may have to your home. We provide an objective perspective while compassionately realizing the impact of such a decision.

When Is Keeping Your Home In Your Best Interests?

When you and your spouse decide to divorce or separate, the decision of who, if anyone, will keep the marital home can be difficult. There are benefits and pitfalls to keeping the family home, including:

  • Your children may be comfortable and accustomed to living there.
  • You may feel emotionally attached to the home.
  • You may want to maintain your sense of place amidst so much change.
  • You may be unable to keep up with the expenses on one income.
  • You may be unable to manage the upkeep yourself.
  • You may be forced to give up something else in exchange for the home.

One of the most critical steps is to determine whether you can afford the home. The mortgage payments, utilities, property taxes and general upkeep costs may be too much to justify after a divorce. We will determine whether pursuing sole ownership of the house is reasonable and then, how to do so.

Representing Your Long-Term Financial Interests

Throughout a divorce, the division of your marital property, child or spousal support payments and more can all disrupt your financial stability. We will discuss what keeping the family home may cost you, including a potential reduction in alimony, reduced ownership of other marital property and more.

With over two decades of experience, we provide a seasoned perspective on what is in your long-term interests within the property division process. When retaining the home is financially possible, we will aggressively and strategically advocate for you. When giving up ownership is more practical and sustainable, we will compassionately pursue other marital property that could better serve you.

Speak With An Experienced Lawyer

We work with individuals and families across Bergen County and Northern New Jersey. Schedule an initial consultation at our Hackensack office. Call us at 201-580-3934 or email us.