Deciding whether or not you want the marital home in your divorce can be a deeply personal and emotional decision, but it can also come down to numbers. In this episode, Theresa is joined by Nicole McAlister, the Owner of Premier Property Solutions, a real estate agency serving the greater Charlotte area. Nicole has seen it all when it comes to home ownership and where it can intersect with separation and divorce. She shares her expertise on how to protect your real estate assets while you are still in the honeymoon phase, when it’s a good option to rent instead of buy, and how to buy your partner out of the home if that is the right financial decision for you.
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From prenuptial agreements to divorce, Modern Legal is here to protect your family at all stages of life. Schedule a consultation with our team today!
Some key takeaways from this episode include:
Don’t be caught off guard by not knowing your financial situation, especially when it comes to your home. Know your mortgage payment, interest rate, and how much equity you have in the home.
If you buy a home with your partner, you can structure a prenuptial agreement to say you each receive a portion of the sale of the home proportional to what you each contributed to the down payment.
There are several options to buy your partner out of their share of the home in the event of a divorce, and a great real estate agent like Nicole will help you explore those options.
The Legal Lounge podcast aims to dispel misinformation and downright bad legal information to empower anyone with questions about their family, their children, their finances, their marriage, and the law. As a team focused exclusively on family law matters, we aim to help you not only with the information you need, but also with the hope that your situation has a solution.
Modern Legal is a family law firm based in Charlotte, North Carolina. Our Modern Legal team can help you navigate the legal system when the law and your family collide. We help turn confusion into confidence, helplessness into empowerment, and frustration into action.
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LEGAL DISCLAIMER: This podcast is for educational purposes only and the information should not be relied upon as legal advice or for legal purposes.
