Five Critical Questions Divorcing Women Need to Answer Before Deciding to Keep the House

Know your options before making this critical decision

by Jeffrey A. Landers • Divorce Financial Strategist™ and the founder of Bedrock Divorce Advisors, LLC

What other living options are available to you? It’s only natural to feel a sentimental attachment to the place where you live. But don’t become so entrenched that you fail to recognize viable alternatives. Perhaps it’s a good idea to down-size. Or maybe, when it comes right down to it, you would actually prefer a different neighborhood? Could a new home give you that feeling of a clean slate? Odds are, even if you weren’t divorcing, you would eventually move from your current residence. Though it may not seem like it right now, there are lots of different places you can call “home.”

Could the proceeds of selling your house create new opportunities and allowances?  Selling or downsizing could open new doors for you and your family. These new proceeds could be turned into an investment, a retirement fund, reserves for your children’s future education, or simply extra financial security to depend on if another curveball comes your way. In the end, knowing these new options are now true possibilities may be more valuable than the house, despite attached sentimental value.

Maintaining emotional distance when it comes to negotiating your marital house won’t necessarily be easy. But if you can successfully so do, you’ll put yourself in a better position to strategically manage your assets and develop a comprehensive plan for financial stability and security in the future.

 

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Photo courtesy Karen Roach/ Shutterstock

Jeffrey A. Landers, CDFA™ is a Divorce Financial Strategist™ and the founder of Bedrock Divorce Advisors, LLC (http://www.BedrockDivorce.com) a firm which exclusively advises affluent women throughout the United States before, during and after divorce.  He assists women and their divorce attorneys with deciding on the most advantageous way to divide marital assets and enable them to negotiate more favorable settlements, especially when there are complicated financial and tax issues.Jeff also advises happily married women who have seen their friends blindsided by a divorce initiated by their husbands and wonder (wisely) how financially vulnerable they’d be in that situation. Jeff developed the nation’s first Just in Case(TM): Secure Your Financial Future,a one-hour program, which quickly shows married women how to be prepared in the event of a future divorce with immediate, practical steps. He can be reached at Landers@BedrockDivorce.com. All articles/blog posts are for informational purposes only, and do not constitute legal advice. If you require legal advice, retain a lawyer licensed in your jurisdiction. The opinions expressed are solely those of the author, who is not an attorney. Follow Jeffrey A. Landers on Twitter: http://www.twitter.com/Bedrock_Divorce

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