The disposition of actual property, particularly the marital residence, is a typical and sometimes contentious challenge in dissolution proceedings inside the state. A number of components affect the courtroom’s determination relating to which social gathering, if both, will retain possession. These concerns goal to attain an equitable, although not essentially equal, distribution of marital belongings.
The truthful distribution of belongings addresses numerous wants and circumstances that come up from the ending of a wedding. Securing appropriate housing is paramount, particularly when youngsters are concerned. Moreover, contributions made throughout the marriage, each monetary and non-financial, are thought-about. The size of the wedding and the financial circumstances of every social gathering post-divorce play essential roles in figuring out who maintains possession of the first residence.