The end of your marriage will initiate major life changes in virtually every area of your life. It will certainly affect your finances, and you may have serious concerns over what will happen to your personal property. If you are facing a divorce, you may find it beneficial to have a full understanding of how the property division process works before you proceed.
It is normal to wonder what will happen to your stuff in a divorce. In fact, property division is one of the most commonly contested issues in many divorces. With a full understanding of your property rights and the way Nebraska divorces work, you can better protect your interests and fight for a reasonable and equitable property division agreement.
What is going to happen to my stuff?
In most divorces, all property accumulated over the course of the marriage is subject to division during the divorce. It is beneficial to know which items are marital property and which are separate assets. One of the most important assets is your home. You may have grave concerns over what will happen to your house and where you will live after the divorce is final. You may find the following information helpful:
- In many cases, the court will award the family home to the custodial parent or the parent with the majority of parenting time. This allows children to have a measure of continuity of lifestyle.
- If one partner owned the house before marriage or bought it with his or her separate money, he or she has a right to ask the other spouse to leave.
- While you may think you want to keep the family home, it is important to consider the tax ramifications of all decisions you make during the divorce process.
If you are unsure of where you will live or how you will afford to maintain your home after divorce, you are not alone. You may find great benefit in seeking guidance as you walk through the difficulties of divorce.
Your future after divorce
The decisions you make during divorce will impact your life for years to come. You may find it beneficial to consider the long-term ramifications of the choices you make and seek a final outcome that is both fair and sustainable. It is possible to pursue a resolution that leaves you with an appropriate share of marital property and a measure of financial security.