Real Estate

Five Things To Consider Before You Decide To Keep The Marital Home

Five Things To Consider Before You Decide To Keep The Marital Home

In the vast majority of the cases we see involving children, at least one party wants to keep the marital home. After all, the family home often carries significant emotional ties and memories. It is also a place of comfort for most children. But doing so might not be as easy as you think, or the most practical decision. With that in mind, here are five things to consider when deciding whether to try to keep the marital home in your divorce. In dividing the marital estate, the goal is to fairly divide your assets and debts. Generally, this means that both you and your spouse should be walking away from the marriage with approximately 50% of the total marital estate. If you have multiple…

The Real Estate Divorce – What You Need to Know

The Real Estate Divorce – What You Need to Know

By Kristi Anderson Wells, Esq. Unique issues arise in divorce when income-producing real estate constitutes a portion of the marital estate. We often see cases where the value in the marital estate is held in companies that own real estate, sometimes in a single real estate holding company, sometimes held in a series of entities with different investors in each entity. Sometimes the entities contain development projects that are in progress, sometimes they own existing office buildings, residential long or short-term rentals, retail strip malls or warehouses, and in some cases apartment buildings. In one divorce during the last downturn, the marital estate was made up almost entirely of hundreds of millions of dollars of “broken” condominium projects which the real estate investor had acquired…