Many divorcees prioritize owning their marital home as part of their divorce agreement. There are advantages beyond an emotional attachment to your house. You may have invested money into making the home that you want. Finding a new home will take time and be costly. There is stability in continuing to live in the same home for yourself and your children. However, it can be expensive to keep your house in your divorce agreement. Your spouse is a co-owner of the house, and you will need to buy them out in order to be the sole owner.
At Calabrese Associates, P.C., our Naperville, IL property division attorney can help you take steps to protect your home. Attorney Michael Calabrese is a former chair of the DCBA Family Law Committee, and he has handled numerous divorce cases in his career.
Who Keeps the Home in a Naperville Divorce?
Before you can figure out what keeping the home will cost, you need to know who actually owns it. In Illinois, the court divides marital property between spouses. Marital property generally includes assets obtained during the marriage, no matter which spouse’s name is on the title. The family home is usually marital property, even if only one spouse is listed on the deed.