Ownership over properties is one of the bottlenecks on settling a divorce document. There is a common dispute on properties acquired during marriage.
Protection on children's rights over the property must be of great importance. While emotions are attached most especially to the family home, it will definitely be a home for the children. It is where they grew up and memories of once having an intact family were felt in that home. The decision of selling a family house is very crucial. Making such decision must be made with an open mind. Thus, revenge, envy and negativity must be set aside by couples getting into divorce.
With this, couples getting into divorce must seek advice from someone who will help them balance the decision of selling properties as well as understanding financial plans for the children. A divorce attorney or a financial planner can help them with this. What couples should know is that the children must equally benefit from the properties that were acquired during the marriage. Parents or the couples who are getting into divorce must always think on what is beneficial for the kids.
Under the law, properties acquired during marriage are considered as conjugal property. The parties in the contract of marriage will equally get a share on these properties. It should be that 50 percent goes to the wife and 50 percent goes to the husband. The biological children and any legally adopted children will also get an equal share from their parents share.
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