Jamie Graham & Associates, PLLC

Selling the marital home may be beneficial during divorce

Marriages in Texas sometimes fall apart no matter how hard one or both parties try to keep the marriage together. Unfortunately, with the dissolution of a marriage comes challenging matters, such as property division and asset distribution. One of the most challenging assets to divide during divorce is the marital home.

One option for tackling the family home during divorce is selling the house and then splitting the profit. This is recommended in many situations because it is often the easiest way to solve a couple's problems. Both parties get their fair share, and the couple does not have any remaining joint debt that has to be resolved. However, people who are selling their homes at a profit need to be aware that they may have to pay capital gains taxes, depending on the profit amount.

If the couple is trying to sell their house during a poor housing market, the home might end up sitting on the market for a while. This can lead to a loss of money. In this case, it may be wiser for the couple to move out and rent the home instead.

Although the divorce process in Texas is often viewed as contentious, it does not always have to be that way. If two divorcing individuals can find common ground, they may be able to work out their property distribution matters at the negotiation table or through divorce mediation instead of having to go through litigation. With proper legal guidance, they may be able to achieve a settlement that aligns with their individual goals.

Source: realtor.com, "How to Divide a House When You're Getting a Divorce", Liz Alterman, June 7, 2016

No Comments

Leave a comment
Comment Information

A TOP-RATED LAW FIRM

At Jamie Graham & Associates, PLLC, we have received a variety of honors and awards for our family law services. Members of our team have been listed as Top Lawyers in San Antonio Scene magazine. We take pride in the number of positive reviews we have received from satisfied clients. On AVVO, a lawyer rating website, we have received an 8.9 rating overall and many positive ratings from clients and colleagues.

  1. Top 10 Attorneys | American Jurist Institute | 2017
  2. Avvo Rating | 8.9 | Excellent
  3. Avvo Clients' Choice Award 2015 | Jamie Lynn Heggy Graham
  4. Reviews | Out of 12 reviews | Jamie Lynn Heggy Graham | Avvo
  5. BBB | A+ Rating
  6. San Antonio | Best S.A. | Lawyers | 2015
EMAIL US FOR A RESPONSE

Get In Touch With Us

Free Family Law Consultation

Call 210-764-3468 or send an email to schedule a meeting with one of our experienced lawyers.

We are ready to listen and to educate you about your options, whether you are going through a divorce or facing any other family law issue.

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

Jamie Graham & Associates, PLLC
310 South St. Mary's Street
Suite 2500
San Antonio, TX 78205

Phone: 210-272-7034
Fax: 210-308-5669
Directions