Homeownership after Divorce: The Emotions and Financial Reality BY JEFF LANDERS, CDLP®, CDFA® CEO and Founder, Divorce House Sense®, Divorced Girl Smiling Trusted Professional Divorce is a wild rollercoaster ride of emotions with major life-changing decisions that need to be made during a period of tremendous stress. One of the biggest decisions has to do with homeownership after divorce. Will you stay in your home? Will you sell it? Will you buy a new home? Will you rent? As far as your divorce attorney, financial advisor, and accountant are concerned, once the issues surrounding your children – custody, visitation, etc. – are resolved, the rest of your divorce issues are, more or less, about the money. In most cases, you will either sell your home, or one of you will keep it, your assets and debts will be divided, and someone will probably have to pay alimony and/or child support. But to you, this is your life, your savings, your children, your future…your home. And ...
Life after divorce for a woman might seem really scary. The lifestyle changes of divorce can feel brutal. Financial adjustments, living alone, dating… some of these can actually feel like a nightmare. But despite that change is really scary, there is a lot of good that comes with change. Most people don’t see it that way until they’ve been through it. As I find myself waiting up most nights for my college-aged kids to get home, I often wish I could go back to the evenings when the routine consisted of giving my little children baths, helping them brush their teeth, reading them a bedtime story, and tucking them into bed with a kiss—all before 8pm. I remember feeling like this ritual made my kids feel loved, safe and secure. A reader feels the same way I did, however, this young mom is going through a divorce and wrote this: I’m devastated at the thought of not tucking my son into bed every night. ...