Pros and cons of keeping the home in divorce for your children

Deciding whether or not to keep the house can be a huge point of contention in your divorce. One consideration may be whether or not to keep the house for the sake of your children.

In today’s episode of Your Money Minute, I want to talk about considerations for keeping the home in divorce because of your children. Yes, there’s something to be said about keeping things as steady and consistent for your children as you navigate divorce. Keeping them in the same home, in the same schools and in the same routines can have tremendous upside. But is it worth it for you in the long run.

As always, I stress that it’s vital to work with your professionals and experts to weigh the pros and cons of the decision whether or not to keep the house in your divorce. Talk with a financial planner to discuss the impact on your financial future, as well as a therapist — and possibly even your children’s therapist — to decide whether there’s mental and/or emotional considerations.

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