After a painful divorce, the topic of who gets the house can strike fear into your heart. You may be wondering if you will ever own your home again, and fearing that you might have to live in an apartment for decades until you are finally able to buy one on your own. But it doesn’t have to be this way!
In a Nevada divorce, what happens to the house?
When a couple decides to get divorced, they enter into a lot of different discussions. One of these conversations is about who will get the house in the divorce. This can be a sensitive topic for both parties because it involves dividing up assets and deciding how to move on from this point forward.
The divorce process is a difficult process for everyone involved, but one of the most important decisions that you have to make is who gets the house. There are many factors that go into this decision, and it can be hard to know what would be best for your situation.
When a married couple is going through divorce proceedings (NRS 125.090), they commonly discuss who gets which assets. When a married couple in Nevada moves from the marital home, 50% of that property is awarded to each person. Divorce can affect everything from finances to children. When it comes to the marital home, many factors are taken into account before deciding who gets the house in a divorce.
Divorce in Nevada is an equitable process. This means that both parties are entitled to a fair distribution of assets, including the home if owned jointly during the marriage and any other acquisitions. Generally, after a divorce, each party will get 50% of the marital property during their lifetime. The decision of who gets the house following a divorce can sometimes create problems when considering large assets, which often have to be sold in order for the proceeds to be distributed.
To know the causes of divorce please read NRS 125.010.
Many divorcing couples negotiate an asset distribution and submit it to the court. The court also may order distribution for the spouses. If you have a court case regarding your divorce, the judge will consider various factors to decide how assets are distributed.
Who Gets The House?
Another contentious issue in divorces is one party’s claim to the marital home, as this often serves as a battleground for child custody and visitation rights. It can be hard for a child to move during middle school or high school, and parents may need to stay in the same house for work purposes. When deciding who gets the house in a divorce, you need to be mindful of different factors that will determine what happens.
In regard to visitation rights you may know more about it through NRS 125C.010.
The decision of what to do with a house in a divorce depends on several factors, including: whether the home is sold and divided, refinance credits are given so one spouse has enough money for monthly mortgage payments or insurance if it will be refinanced after certain events (such as all children graduated high school).
Contact Divorce Attorney Las Vegas
It is hard to let go of the house you knew as your home during your marriage, but sometimes it is necessary. If you have any questions on who gets to keep the house in a divorce, don’t hesitate to contact the Divorce Attorneys in Las Vegas at Donn W. Prokopius, Chtd.
For more information on how https://dwp-law.com/ can help you about Who Gets the House in a Divorce, please contact us at (702) 474-0500, or visit us here:
Donn W. Prokopius, Chtd.
3407 W Charleston Blvd Las Vegas, NV 89102