If you have a house and are going through a divorce, should you keep it or sell it during the process? The divorce attorneys at Arndt Buswell & Thorn SC in Sparta, WI, advise their clients on options available and recommend the best course of action for an individual’s situation. Here, they share a few details you should know about selling what many couples hold as their most valuable marital asset.  

Divorce Attorneys Discuss Selling the Home During Divorce

Find an Experienced Real Estate Agent

It’s important to find real estate agents with specific experience in selling homes during divorces. They recommend prices for quick sales while seeking the highest returns. Seasoned agents know how to increase a property’s marketability under the circumstances, with minimal cash outlay. 

Look at Tax Consequences

Divorce attorneys advise their clients about tax situations when selling a home before a separation agreement or the final decree is signed. For example, filing joint returns may reduce sale-related tax liability, depending on the basis and amount of equity in the property.  

Divide the Proceeds

A 50/50 split may not be the fairest way to allocate home sale proceeds. Divorce attorneys counsel clients on dividing the amount obtained, accounting for the division of other marital assets and client needs. For example, a custodial parent may need more of the assets to acquire a residence that accommodates the children, or a stay-at-home spouse might need spousal support for a transition into the workforce.   

The family law practitioners at Arndt Buswell & Thorn SC are skilled in guiding clients through the home sale process during divorce proceedings. With more than a quarter century of experience behind them, these divorce attorneys offer wise counsel and vigorous representation to help you through this and other complex situations. Find out more about how this team of divorce and real estate law attorneys protect each client’s interests. Visit them online to view their practice areas. Call (608) 269-1200 for Sparta or (608) 486-2324 to reach their Bangor, WI, location.