Going through a divorce is never an easy process. In addition to the emotional tolls, divorce brings financial disputes with it as well. If you accrued property during your marriage, you might be wondering what happens to it once the divorce is finalized. At Simonetti & Associates, we have the answer to this question. Our Southampton divorce attorney will walk you through what to expect, and work diligently to ensure that a favorable outcome is reached.
What Happens To Your Property?
One of the legal aspects of marriage is having joint ownership of almost all of the assets purchased over time. Besides particular circumstances, if you buy a house during your marriage, the court will need to determine who has full ownership of it following your divorce. That means either you or your spouse may have no claim to it following the judge’s ruling. To ensure you are adequately compensated, we recommend working with our Southampton divorce attorney throughout this process.
How Is Ownership Determined?
When your divorce has officially been granted, the judge is tasked with dividing all marital property between you and your ex-spouse. Keep in mind that this division does not have to be equal to both parties. There are a variety of factors that will impact whether you are granted ownership of the house following your divorce. These factors include:
- Custody decisions
- The income of both spouses
- Debts accrued throughout the marriage
- Potential living situations following the dispersion of assets
- Working and commuting conditions
Why Work With Our Southampton Divorce Attorney?
Losing out on your house following a divorce can be a devastating realization. However, with the proper representation, the chances of that happening can be limited. Our divorce attorney is well versed in these cases and can help keep your assets protected. With years of experience, you can trust that our team will do everything to sway the court into a favorable ruling.
Schedule A Consultation With Our Southampton Divorce Attorney
The decision to go through with a divorce is rarely a simple one. However, having the right representation on your side can make the process a bit easier. Here at Simonetti & Associates, we want to prove that our family law services are second to none. If you’re considering a divorce, be sure to contact our team today and set up your free consultation with our Southampton divorce attorney.