If you are in a divorce but have qualms about giving up your family home, there are some major things you need to consider before making the decision about whether to keep it or sell it. You may be emotionally attached to the home. Maybe you have lived there for a long time. It is a place that is home to your children, near their schools and friends. You may think it is important to keep … [Read more...] about Should You Keep the House in a Divorce?
Archives for December 2022
Financial Dos and Don’ts in a Divorce
When you or your spouse begins divorce proceedings, you both will likely have financial concerns. There are common mistakes divorcing couples make that you should avoid. If you can avoid them, your divorce will go smoother, and it will make it easier for the two of you to make the necessary compromises as you settle your divorce and divide your assets. Financial Don’ts in a Divorce Some … [Read more...] about Financial Dos and Don’ts in a Divorce
How Does a Reverse Mortgage Factor in Divorce?
Negotiating a divorce settlement can be complicated when a reverse mortgage is involved. A financial expert, such as a certified public accountant (CPA) may work with you to come to a settlement that is fair for you both, or help you use a reverse mortgage to pay for your divorce. What is a Reverse Mortgage? A reverse mortgage is a type of loan that allows homeowners to withdraw equity from … [Read more...] about How Does a Reverse Mortgage Factor in Divorce?