I would like to get a divorce so that I could separate finances, but then continue to complete home improvements which could take up to a year, so that the home could be prepared for it's maximum sales potential.
The answer is yes. This is not uncommon. In your final Judgment of Divorce there must be a provision in it directly addressing this issue and who is responsible for what until it is sold, how proceeds are to be distributed etc. I recommend that you contact a divorce attorney to assist you in this process.
Hi. You absolutely can. I would advise you to clearly spell out the steps that will be taken to do any home improvements and how costs and work will be handled as well as the proceeds at the time of sale. Talk to an attorney for further advice and information. Good luck to you.
As a general rule, yes you can. I would definitely encourage you to meet with an attorney, as there are several issues you'll at least want to be aware of.
First, your legal form of ownership will change. While married, you own the home as tenants by the entirities, which includes some legal protections for husband and wife. That dissolves post-divorce, so you'll at least want to fully understand that.
Depending on the living situation post-divorce, you may also have issues with the principal residence exemption for property taxes, and the homeowners' mortgage insurance deduction.
Best of luck to you!
The answer provided above is not intended as legal advice; it is provided for informational purposes only. Please contact an attorney for legal advice.
You and your ex can change the deed to the status of tenants in common.
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