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Sell or Keep the Marital Estate?

In Separation & Divorce by Sarah Hink

One of the most significant, if not THE most significant marital asset for many couples is the family home. After all, when families buy houses, they put down as much money as they can up front, spend years making significant mortgage payments, and make improvements on the home over time. Unfortunately when it comes to divorce, the family home can become a source of incredible tension. This is not only because of the dollar value of the property, but because so many family memories and experiences occurred there. In fact, it may be the only home your children have ever known! So the question upon divorce becomes: Should you sell or keep the family home? Is the House Marital Property or Separate Property? In North Carolina, marital property is equitably …