We've been talking a lot about property division lately in our posts, both with respect to the case of oil baron Harold Hamm and dealing with debt in prenuptial agreements. Here we'd like to take it a different direction and discuss an issue that is important for many people going through divorce. This is the issue of how the family home is dealt with in divorce.
The family home is, for many couples, the largest asset they own. Unfortunately, dividing up the family home is not always an easy issue to settle, both because there can be disputes over who should get the home, the potential that one or both of the parties may be unable to keep the home on their own financial terms, and because of certain arrangements couples may enter into which could involve some risk.