S9 Ep86: Who Gets the House? The Common Outcomes

#ChooseGoldman Deciding what happens to the marital home is a critical part of the divorce process, often involving a choice between selling the property or arranging a buyout. Attorney Akiva Goldman explains the common ways Michigan couples divide home equity, including the use of other assets like retirement accounts to reach a fair settlement. • Most marital homes are divided 50/50, which frequently requires selling the house and splitting the proceeds after the mortgage is paid. • One spouse may keep the house by buying out the other's interest, often through refinancing the mortgage to provide the necessary cash. • Equity can be balanced without cash by trading other assets, such as giving a spouse a larger share of a 401k or brokerage account. • Couples may agree to keep the house jointly owned for a temporary period to provide stability for children until they finish school. • A spouse who pays the full mortgage during the divorce process may be entitled to a credit for those extra contributions when the home is eventually sold. Download Divorce & Custody Survival Guide. Click here: https://akivagoldman.com/free-legal-ebook/ Schedule Your Complimentary Phone Consultation: https://app.acuityscheduling.com/schedule.php?owner=17105687&appointmentType=18529428 📞 (248) 590-6600 Call/Text Click here to watch the video: https://youtu.be/vr58twUHKT0 For more information: https://akivagoldman.com/michigan-family-law-attorney Learn more in our blog: https://akivagoldman.com/blog/family-law/who-gets-the-house-the-common-outcomes Visit us at ChooseGoldman.com #Goldmanandassociateslawfirm #ChooseGoldman #ChooseGoldmanLaw #MichiganDivorce #PropertyDivision #MaritalHome #HomeEquity #DivorceLawyerMI #AssetDivision