Assets in a divorce are valued from the beginning of the divorce action, so a house you and your spouse bought together years ago will be valued at its current price, not what you paid for it.
This can have significant ramifications to the overall settlement, but may still be in your best interest, or the best interest of your children.
Whether to keep the marital home is a consideration for nearly all couples who divorce.
When there are kids involved, the parents may have a strong desire to assist them as much as possible by keeping their living environment stable, their schools constant, and their friends close by.
In some cases, the home has appreciated so much that the economics of one spouse retaining it don’t make sense, but you still have options.
The attorneys at Zelenitz, Shapiro & D’Agostino can help you develop a divorce settlement that protects the things you care about most.
Call us today at 718-725-9601 and talk to a Brooklyn divorce attorney for free.