One challenging aspect of divorce is the fact that numerous important practical decisions must be made while the parties are simultaneously working through difficult emotional changes.
Deciding what to do with jointly-held real estate is one such example. Many couples own a primary marital home, while others may also have vacation homes, investment/rental property, and/or work-related property. It is important to realize that there are different tax consequences for each property type. You should consult with a tax specialist before taking any specific action.
A Mediator or Collaborative Practitioner (CP) may be helpful in suggesting various real estate options to consider. Read More >>