Nicaud & Sunseri Law Firm, LLC
Northshore: 985-218-0494
Southshore: 504-662-9596

Making The Complex Understandable

Dividing the family home may cause divorce difficulties

Family homes are often places where Louisiana residents have made numerous memories throughout their lives. As a result, such a piece of property can hold considerable sentimental value for its owners and inhabitants. Due to the sentimentality involved, determining what to do with the home after a couple decides to divorce may be difficult. 

There are options that individuals may wish to consider when going through the division process. They may wish to sell the home, both maintain ownership or allow one party to buy out the other. All of these decisions could have financial and emotional implications; therefore, individuals may wish to assess their particular circumstances to determine which route may be best for them. 

There is a chance that individuals may not agree on how to address the property, and in such cases, negotiations may take place. If an individual wishes to keep the home, that party may be able to offer a buyout amount after the home is appraised and/or potentially barter other property as part of the settlement. If decisions cannot be reached amicably due to the emotional nature of the situation, the court may step in to address the issues. 

Many individuals enter into a divorce with ideas of how they want their property division proceedings to go. However, there may be some roadblocks that were not taken into account, and difficulties could arise. If Louisiana residents wish to determine the best strategies for reaching their desired goals, they may wish to consult with experienced attorneys about how to potentially carry out their plans.

Source: nerdwallet.com, "Deciding What to Do With the Family Home After Divorce", Mary Ballin, Oct. 31, 2016

No Comments

Leave a comment
Comment Information
Serving Orleans, St. Tammany, Jefferson, St. Bernard, Washington, St. John the Baptist, St. Charles and Plaquemines Parishes
Email Us For A Response

Get Answers Today

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Metairie Office
3000 18th Street
Metairie, LA 70002

Phone: 504-662-9596
Fax: 504-833-2843
Metairie Law Office Map

Covington Office
7020 US-190
Suite A
Covington, LA 70433

Phone: 985-218-0494
Fax: 985-624-9698
Covington Law Office Map