Divorce and Real Estate
One of the largest financial investments married couples share together is the accumulation of real estate. Real estate is a large ticket item. You will want to ensure that you have adequate legal representation when you and your spouse are determining the division of real estate. There are a variety of reason that you will want to protect your interest with legal representation. There are literally endless possibilities when considering how to divorce and real estate equity. The form for dissolution provides just one option for divorce and real estate. The main option is to provide the real estate to one party and a provide a lien for the other party.
Types of Divorce and Real Estate
Schechtman Law Office will provide you with a well versed attorney in divorce and real estate. We will provide you with the legal expertise and ability to amend the court form to meet your unique divorce situation. Real estate can fall under a number of different classifications and it does not usually matter when the real estate was purchased. Following is a list of common real estate properties but in no way is all inclusive, please contact our office if you have a question about the qualification of real estate in your divorce-
- vacation properties
- vacant land
- property purchased for a business
- inherited real estate
- property purchased after separation
Our law office will provide you with the adequate insight and advice when dealing with divorce and real estate. It is important that you do not sign any documents prior to consulting with an attorney.
Common missteps with divorce and real estate
There are a number of missteps parties can take when determining the appropriate allocation of real estate after divorce. Below are some common but definitely not all inclusive mistakes people tend to make when proceeding with a divorce-
- not listing properties
- falsely believing you are not responsible because your spouse was awarded the property
- altering language in divorce papers
- making arrangements on the side of the divorce settlement
Again, it is important that you contact an attorney when handling divorce and real estate. Schechtman Law Office always offers a free consultation and we will help you with the care and guidance that your case deserves.