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Articles Tagged with separate property

Can You Sell Your House During a Divorce?

Can-You-Sell-Your-House-During-a-Divorce

When a couple decides to divorce in California, their house is often the most important asset to distribute in the settlement. Spouses often wonder if they can stay in the house, whether they can retain ownership, or if they should sell. It is crucial to develop an understanding of your options when you are in this situation, and a trusted divorce attorney is the best tool you can use to understand your alternatives and protect your interests.

If you and your spouse bought your home as a married couple, it is considered “community property” in California. In the case of a divorce, this means that the home’s value will be divided 50/50 between the spouses. Your options for keeping or selling the home are dependent upon your ability to reach an agreement that satisfies both you and your spouse. This could mean selling the house and splitting any profit evenly, but many couples reach an agreement in which one party purchases the other’s share of the home.

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It’s no secret that divorces can get expensive. The divorce between Dodgers owners Frank and Jamie McCourt exceeded $20,000,000 in fees! There are three fairly simple steps that every single person can take before and during marriage to make any potential divorce less expensive.

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Janus Friis, the co-founder of Skype, gave his Danish pop star girlfriend Aura Dione (real name Maria Louise Joenson) a $471,942 engagement ring when he popped the question in July of 2013. Among the platinum ring’s many diamonds are a 1.76 carat center diamond, two pear-shaped blue diamonds weighing in at .91 carats, and 1.75 more carats of blue and pink diamonds. Once they were engaged, he also gave her an apartment in Copenhagen and cash gifts. Unfortunately, Friis later found out that his pop star love had been sleeping around with other men and called off the engagement.

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