Coral Springs Divorce Law Blog

A marital home is the most valuable asset that most married couples own. When the couple divorces, they have to determine what to do with the home. This can be a problematic issue because of the desire of both parties to keep the home.

Here are some points to consider when you are trying to decide what to do about the house:

• Keeping the home might be costlier than you realize. Remember that you have only one income now, so payments that were easy before might not be now. On top of the mortgage, you also have insurance, taxes and upkeep costs.
• Selling the home might mean that you are responsible for a capital gains tax. This is only going to apply to some homeowners, so find out if it applies to your case before you make any decisions about whether or not to sell the house.
• You can use other assets to balance the property division agreement. Since the home usually has a higher value than other assets, the person with the house might end up with a larger share of the debts to balance out the fact that the other person doesn't have as many assets.
• Think about the children when you are deciding what to do with the marital home. In some cases, the custodial parent will keep the home and continue to rear the kids there. There can also be an agreement about what will happen to the home after the children move out.

Divorce can make even the most peaceful person stressed. There is also a chance that your stress is going to transfer to your children. This isn't an ideal situation since stress can impact every aspect of the child's life. You should be aware of signs of stress in your children and be prepared to address them.

Many of the signs of stress vary based on the child's age and maturity level. Some older children might complain of head or stomach pain. They may have trouble concentrating — which can impact schoolwork — or feel lonely. Younger children might become clingy, have trouble sleeping, cry often or wet the bed.

Child support payments cover many of the normal expenses involved in raising a child. Any parent who receives these payments can tell you that there are many costs of raising a child that aren't covered by child support. One area that can be particularly troublesome is medical care.

Oftentimes, one parent has to include the child on their health insurance. This covers some of the costs of getting the child medical care. However, there are still some other expenses that will come with getting this care. Co-pays, deductibles and uninsured medical costs are some of the ones that have to be paid out of pocket.

Getting a routine down after a divorce can be challenging. One thing that you might find takes on a new level of importance is becoming financially stable. If you spent your married years caring for the house or the children, you might realize that it is going to be hard to enter the workforce again.

For some individuals in this position, alimony provides a temporary solution to the problem. One form of spousal support is based on the need for the recipient spouse to try to find ways to earn a living. Rehabilitative alimony is a short-term arrangement in which the paying spouse supports the recipient spouse while the person receiving the money attends classes or goes through training to do a job.