Divorce is probably not an easy decision either for the husband or for the wife. Most of the time divorce petitioners think that they don’t require a Oakville divorce lawyer because their divorce is a mutual process of understanding and they agree on everything. During divorcing it is a common question in the minds of petitioners how to sell his martial house. For the solution, you can consult with your divorce lawyer. Another financial aspect is who will get what? It is a common myth in the minds of divorce petitioners that lawyer and court will equally distribute the property to divorce petitioners. But this is not true in all the cases. It depends on below various factors.
- Spouse’s financial position
- Spouse’s contribution to the marital home
- Spouse’s age, health, and mental conditions.
- Which parent has a minor in his or her custody
- Source of income of each spouse.
- Employability and job skills of each spouse.
- The financial value of the marital home.
- Who is the real owner of the marital home?
You need a divorce lawyer
You need to consult an Oakville divorce lawyer in order to proper valuation of your marital home and its proper distribution of funds after selling of the property. Divorce lawyer can decide the fortune of the marital under following circumstances under court norms and rules.
Share Valuation and distribution
Oakville divorce lawyer can evaluate the market price of the martial home and allow the numbers of share on the basis of property valuation. Need each spouse to have right to either sell or buy their shares. This is only possible if both spouses equally contribute the same amount of money during the purchase of home otherwise if anyone solely purchases that house then no need of further discussion he will hold straight away the marital home. If anyone not able to sell his property then Divorce lawyer or even court will find the suitable real estate agent to sell the marital home. The ultimate goal of each spouse is to maximize the profit.
Deferred Distribution of property
Deferred Distribution is a situation when court award any one of the spouse to live till your minor will turns 18. This can be a good way to retain your property when real-estate market is in a downtrend and have better financial rewarding options when the market will boom. Ideal Oakville divorce lawyers are highly trained and professional in legal and agreement writing so that petitioners will happy at the end.
Parent with Minor Custody
If property not solely to one of spouse property or parental property then the court may award this property to the spouse who carries minor. Since the house is the ultimate source of stability of minor in the mid of divorce. Court also seek a friendly relationship between both of spouse till minor turns 18. You need to have a professional and well- trained Divorce lawyer to settle the issue of your Martial house during divorcing.