Real Estate Property Division Lawyers
A home means more than just four walls and a roof. It’s a place where you have built memories and connections. Even if it’s a vacation home, it means more than what shows up on a balance sheet, and that makes real estate property division discussions extremely high stakes and high conflict.
At Palange & Endres, P.C., we are lawyers who help clients with asset division issues across Berks County. We understand Pennsylvania law regarding real estate property division in divorce. As attorneys with more than 60 years of combined experience, we know how to pursue thoughtful outcomes in these highly fraught situations.
What You Should Know About Property Division For Real Estate
In Pennsylvania, the courts pursue an equitable division of the marital estate, and that will include any real estate such as primary residences and vacation homes and rental-producing properties. The court will look at a host of factors to determine how to divide these properties.
However, dividing a piece of real estate is intrinsically difficult. The court will look at several options for how to assign the value of these assets to you, and these options can include:
- Shared habitation: This is much more likely in the case of a vacation home than a primary residence. But potentially a home can be scheduled for use between two parties and this can serve as a good outcome for many.
- Liquidation: The most common way to resolve a mutually owned piece of property is to sell the property and disperse the funds from the sale to each side. In the case of a beloved family residence, both sides may see this as the “nuclear option.”
- Negotiation: A marital estate containing considerable property does not have to be fully liquidated. Trading properties and negotiating to assign a home to one party or the other can certainly be done with time and patience.
If you want to retain your properties to maximize their worth or simply because they mean so much to you after the time you’ve spent there, that can be done. We can work with you and your ex’s representation to build an agreement both sides can live with.
Even with stakes as high as these, it does not have to end in a fight.
Considerate, Compassionate Representation You Can Trust
When you work with us, you work with a team experienced in finding solutions to family law problems. Whether it takes a detailed review of premarital agreements or concentrated efforts to build a lasting, thoughtful agreement, we’ll be there for you.
When you are ready to know what the next step is or how to control the challenges of your property division, reach out to us. Call a 610-674-0712 or send an email using this online form.