Is it better to keep the house in a divorce?
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Is it better to keep the house in a divorce?
But Jenkin says there’s a trap the remaining parent, usually a mother, should be aware of. “Most women negotiate for the home rather than cash – and then find themselves house-rich and cash-poor once child support and alimony run out, so it’s best to plan for that if you decide to keep the home,” Jenkin says.
Can a stay at home mom get custody?
More often than not, a judge will award custody to a stay-at-home mom over a husband who is at work more than he is caring for the kids. However, there are exceptions to every rule, and if a mom starts providing less than adequate care for her children, a judge could rule in favor of the father.
Who has more rights the mother or father?
Many people assume that mothers have greater child custody rights than fathers. However, the fact is that no custody laws in the U.S. give mothers a preference or additional rights to custody of their children.
Reasons to keep the house in your divorce: You can afford it easily on your own. This means that after any refinance, buy-out, you can easily afford monthly mortgage payments, taxes, insurance and upkeep on your own income. If you require alimony or child support to stay in the address, that is too risky.
