If the home is jointly owned, both spouses have an equal right to the equity. You have three main options: 1) One spouse buys out the other and keeps the home; 2) The home is sold and the proceeds are split 50/50; 3) A “nesting” arrangement where the house is kept for a period of time. Mediation is where these decisions are made without a judge’s interference.
Do I need a separation agreement if we don’t have kids?
Yes. Even without children, a separation agreement is vital to formally "waive" or set the terms for spousal support and to finalize the division of property and debts. Without a signed agreement, your ex-spouse could potentially...
