The marital home
Comparing a sale, a buyout or deferred sale, and documenting the agreement.
For many Waukesha families, the marital home is the hardest asset to decide on. VHD Law helps you compare keeping it, selling it or buying out your spouse, with the numbers in front of you.
In a Wisconsin divorce, the marital home is usually part of the marital estate, which the court presumes will be divided equally. That leaves three common choices: sell the house and divide the proceeds, have one spouse keep it and buy out the other's share, or, less often, keep co-owning it for a period, for example until children finish school.
Each option has practical consequences. A buyout usually requires refinancing the mortgage in one name. A sale requires agreement on price, timing and who pays for repairs. And keeping a house you cannot afford long-term can create problems later. We help you look at the numbers before you decide.
A recent appraisal or market analysis and the current loan balance.
Talk with a lender about whether you could qualify on your own.
School stability and timing can weigh on the decision.
We help spouses in Waukesha with the home and every other part of the divorce.
Comparing a sale, a buyout or deferred sale, and documenting the agreement.
Accounts, vehicles, retirement and debts.
Whether spousal support may be appropriate.
Parenting plans and schedules for families with children.
Putting the terms in writing so they can be enforced.
Waukesha County divorce cases are heard at the courthouse in Waukesha. Homes across the county, from Waukesha itself to Brookfield, Pewaukee and the lake communities, often represent a large share of a couple's net worth.
Bring your mortgage statement, the most recent property tax bill and any appraisal or listing information you have. If you have talked with a lender about refinancing, bring that information as well.
Our Germantown office serves clients throughout Waukesha County. Contact our team to discuss consultation options.
Find Wisconsin court contact informationYour attorney can explain which local court or agency is involved once the details of your matter are known.
We look at value, equity, the mortgage and your budget.
We review a sale, a buyout and other approaches side by side.
We include clear terms on timing, refinancing and costs in the agreement.
Wisconsin presumes equal division of the marital estate, but the court can deviate based on statutory factors. How the house is handled often depends on the rest of the property division.
A good agreement spells out deadlines for refinancing or listing the home, so the plan actually happens.
Get to know the VHD Law attorneys who work in this practice area. Contact our team to discuss appointments and your legal needs.
Linda works with clients navigating divorce and other important family law decisions.
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Lisa helps families work through legal concerns involving children, relationships and changing circumstances.
View Attorney ProfileQuestions Waukesha spouses ask about the house in a divorce.
No. One spouse can keep the home and buy out the other's share, often by refinancing. Spouses can also agree to sell and divide the proceeds.
The house may still be marital property. Whose name is on the title or loan does not by itself decide how it is divided.
Usually by appraisal or by agreement based on market information. The value and the remaining mortgage determine the equity to divide.
In the Waukesha County Circuit Court at the courthouse in Waukesha.
See other legal matters our team can discuss with clients in the area.
Deciding what to do with the house in a Waukesha divorce? Schedule a consultation and bring your mortgage information.