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Who will keep the house in a divorce?

Matters of property division can quickly bog down the divorce process, with both individuals fighting to secure as many assets as possible.

While there are many assets to consider, the family house almost always moves to the forefront. Here's why: It's typically one of the largest assets that a couple jointly owns.

There is no simple answer to the question of who gets the house in a divorce. For example, if you have children with your ex-spouse and have been granted physical custody, there's a good chance you'll be in a position to keep the home. The reason for this is the stability it provides your children.

Conversely, if your spouse purchased the house with his or her own money before you tied the knot, there's a good chance that you'll need to vacate the property sooner rather than later.

With divorce mediation, you have the opportunity to work with the other individual to reach a resolution. For instance, one partner may agree to give up the family home in exchange for other assets.

As you ponder who will get the house in a divorce, make sure you look at both the pros and cons. While most people assume that securing this asset is a good thing, this is only the case if you're able to comfortably afford to pay for it after your divorce.

Property division can be a sticking point in any divorce. If you own a house with your soon-to-be former spouse, don't hesitate to learn more about your legal rights and the steps you can take to protect them.

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