With mortgage interest rates still high, some divorcing couples are deciding to live together in the family home after divorce. They figure that they will save some money in the short term while they wait for the housing market to shift.
Clients in these situations often need advice on how to make it work. For example, they may decide to create separate spaces in the home for each of them to stay. In addition, their parenting plan has to account for the fact that while both of them are home, only one parent is “on-duty”. In divorce mediation, we help couples navigate this potentially tricky situation so that they can live together comfortably as two separate entities in the same home.
In other cases, the housing market is leading divorcing clients to decide to continue to own their marital home together, but live separately. Their plan is to hold onto the house and the benefits of their low pandemic-era interest rate. In many of these families, one spouse stays in the home and one moves out. The ex-spouses craft an agreement to own the home together for a set period, for example, until their kids graduate high school and/or the parties are ready to downsize.
When either of these scenarios arise, we hash out all of the possibilities in mediation. In addition to creating a realistic parenting plan, we also make sure that we address in divorce mediation all of the issues around home ownership – mortgage, insurance, maintenance, utilities, repairs, taxes, etc. to minimize any disputes between the ex-spouses during the post-divorce ownership period.
At Westfield Mediation, LLC, our focus is on providing divorcing clients with a practical plan for moving forward. As part of that approach, we are very sensitive to the market forces that underlie our clients’ decision-making. Together we develop innovative solutions that address the family’s emotional and financial needs.
For more information on divorce and divorce mediation, please contact Randi M. Albert, JD, or Michelle Weinberg, M.Ed., Licensed Marriage and Family Therapist, at Westfield Mediation, LLC at 908.913.0373. View our website at http://www.westfieldnjmediation.com/or email us at [email protected]
Clients in these situations often need advice on how to make it work. For example, they may decide to create separate spaces in the home for each of them to stay. In addition, their parenting plan has to account for the fact that while both of them are home, only one parent is “on-duty”. In divorce mediation, we help couples navigate this potentially tricky situation so that they can live together comfortably as two separate entities in the same home.
In other cases, the housing market is leading divorcing clients to decide to continue to own their marital home together, but live separately. Their plan is to hold onto the house and the benefits of their low pandemic-era interest rate. In many of these families, one spouse stays in the home and one moves out. The ex-spouses craft an agreement to own the home together for a set period, for example, until their kids graduate high school and/or the parties are ready to downsize.
When either of these scenarios arise, we hash out all of the possibilities in mediation. In addition to creating a realistic parenting plan, we also make sure that we address in divorce mediation all of the issues around home ownership – mortgage, insurance, maintenance, utilities, repairs, taxes, etc. to minimize any disputes between the ex-spouses during the post-divorce ownership period.
At Westfield Mediation, LLC, our focus is on providing divorcing clients with a practical plan for moving forward. As part of that approach, we are very sensitive to the market forces that underlie our clients’ decision-making. Together we develop innovative solutions that address the family’s emotional and financial needs.
For more information on divorce and divorce mediation, please contact Randi M. Albert, JD, or Michelle Weinberg, M.Ed., Licensed Marriage and Family Therapist, at Westfield Mediation, LLC at 908.913.0373. View our website at http://www.westfieldnjmediation.com/or email us at [email protected]