Dividing assets without children is hard enough, but when you have children, that makes it even harder to decide what to do with your family home. In some situations, financial considerations make the decision for you: some families have to sell the house because the other spouse can’t afford to buy them out, or they both need the funds.
What should you do when one or both of you can afford to keep the family home? Here are some factors to consider.
Children are often very attached to their family home, and having to move away can be upsetting—especially when their family structure is changing, too. If it’s possible for one parent to keep the home, it can also ensure that they get to stay in the same friends and social circles while staying in familiar surroundings.
Emotional stability is important, but the financial stability of both parents is also crucial. If one of you keeps the house, will the other be able to afford purchasing or renting a new home? Will they be able to live nearby? Will the parent keeping the home be able to maintain it at their current income level?
Finally, consider how you’ll be sharing childcare and custody arrangements. Typically, one or both parents move out and live separately, but options like “bird’s nest” custody (where both parents maintain separate residences for noncustodial time, while the children live in the family home full-time) may be a good option if it’s affordable. Similarly, if one or both parents cannot afford to live in the same area, it may not be practical for sharing parenting time.
Honoring your children while you divorce can be tough. The compassionate divorce lawyers at Appelhof, Pfeifer & Hart, P.A. in St. Paul, MN can help you decide which arrangements are right for your family.
"Tori had a thorough understanding of my situation and made excellent recommendations to resolve my concerns. She was persistent on communication and handled everything in a very timely manner. I would definitely hire her again in the future if needed." - M.K.
"With Appelhof, Pfeifer & Hart, P.A., it is like having a family physician. They are all knowledgeable, thorough, comforting, and the only call I need to make for all my legal needs for many years to come. No matter what the matter, I totally trust their advice and commitment to me and my family." - J.N.
"Mary from APH Law helped me thru a difficult divorce. She and the entire staff was there for me every step of the way helping me on what to do next. They listened to what I wanted and helped me achieve what matter the most to me in the divorce settlement." - Dana C.
"I chose APH after my initial consultation with Mary. I felt my best interest would be represented. The entire process went excellent, the attorneys and staff communicated effectively and efficiently with me throughout the process as they needed to. Being new to the legal process and verbiage, they walked me and talked me through the next steps and the jargon, I felt completely comfortable and represented. I hope I never have to use legal services again but if I do I will call Mary at APH Law and know that I will be taken care of." - Jeff M.
"Divorce is a time of emotion and stress. Mary Pfeifer , My lawyer was professional and compassionate. She was very informative through the process. Her insight helped me in my decisions. She worked hard to obtain a settlement which was fair to both parties. Though, I hope I won't need her help again. It is reassuring to know a good person that is willing to help." - Rod S.
"I first came to Ms. Jacquelyn Lutz of Appelhof, Pfeifer and Hart in October of 2016. It was definitely the worst time in my life and she compassionately spoke with me about my options. Ms. Lutz thoroughly explained the laws, statutes, process and what to expect going forward. What was supposed to be one case, turned into three intricate cases that took a huge toll on me and my family. Ms. Lutz represented me in court on all three cases with a vast knowledge of the laws and how to proceed accordingly. During all three cases she kept me informed, calm, gave me resources to utilize, and (most important) gave me a realistic view of what may come next. Ms. Lutz knew each case required a great deal of knowledge and creative thinking on how to legally proceed forward with each case. My family and friends are forever grateful for the amazing representation by Ms. Lutz. I highly recommend Ms. Lutz for anyone needing or considering superb representation for any kind of family law. " - M.H.