Legal Question in Family Law in Michigan
How do we divide the House??
We are both working professionals. She makes more than I do. It was a 2 yr marriage. We bought a house one year ago, and are currently filing for divorce. She does not want the house, and I do. What is the ''official'' way to divide up any equity that may be there? Is it based solely on the appraised value? What about if we sold - we would both have to pay to get out of it! How do we distribute this?
2 Answers from Attorneys
Re: How do we divide the House??
You have the right idea on dividing the equity in the home. That is, I'm assuming there are no extenuating circumstances. If you are having trouble executing your plan, perhaps you should hire an attorney. For more info, please contact my office at (248)851-3171.
Re: How do we divide the House??
There is no official way to divide things. However, since it is clear that you both do not want a lawyer, I suggest that you hire a lawyer to serve as a facilitator to suggest different arrangements and draw up the papers. If you argue, then each of you will have to get a different lawyer. William S. Stern 248-353-9400