Divorce – Keeping Joint Ownership

I want to reiterate that before you finalise a decision with respect to your matrimonial home, it is recommended you consult both a mortgage advisor and lawyer.  Ok that being said, here are some key points to consider when keeping joint ownership of the matrimonial home:

  • Frist: this option tends to occur when one party remains living at the property and the other moves out.
  • Second: this option tends to be used temporarily rather than as a long-term solution.
  • Third: consult your lawyer and accountant as there are potential legal and tax implications you should consider.