Search Close Button
Craig E. Gibbs, Attorney at Law - Criminal, Family Law, Attorney
Phone: 504-322-1261
Toll Free: 877-900-2140
Search
Leave Your Legal Concerns To Me

How to avoid mistakes with the family home in a divorce

In This Section

When people in Louisiana get a divorce, if they have a home to divide as part of the process of property division, they should avoid some common mistakes. One error people often make is fighting to keep the home without taking into account whether they can afford it.

One woman who did this finally agreed to sell the home and split the proceeds after months of negotiations when she realized that keeping it would not fit in her budget. However, according to one attorney, it is less likely for couples to reach an agreement to sell the home right away on their own and more likely for them to do so on a judge's order.

The couple could agree to sell the home within a year or two. This might also allow them to put a nesting arrangement in place that keeps the children in the home while the parents rotate in and out, but this tends to be short-term and requires a high level of cooperation.

If one person does keep the home, one spouse might buy the other one out, or one may simply sign the house over to the other. The person who does not take the home should be removed from the deed as well as the mortgage. Failing to do so could mean the person still has financial and legal liabilities.

Dividing a home can be a difficult part of divorce because many people may have a sentimental attachment to it. A person who is divorcing may want to sit down with an attorney and discuss what elements of property division they are willing to negotiate and which they are not willing to compromise on. People might be more satisfied with the outcome they get from negotiations instead of litigation since the latter may be expensive and stressful.

No Comments

Leave a comment
Comment Information

Get Answers Today

Contact the Firm

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Office Address

Office Number

DKG

Craig E. Gibbs, Attorney at Law
4650 General DeGaulle Drive, Suite 216
New Orleans, LA 70131

Fax: 844-246-0278
New Orleans Criminal Law Office

EMAIL US FOR A RESPONSE