December 07, 2021

Settling Real Estate Disputes during Your Divorce

34 minutes

Ian Steinberg is an Associate Attorney at Berkman Bottger Newman & Schein, LLP, where he focuses on the litigation, negotiation, and settlement of matrimonial and family law cases. Prior to his current role, he worked at a real estate firm representing building owners and courts throughout New York City. He shares important information on the division of equity in the marital home in divorce, what happens if there's separate property, and the issues that arise when one spouse buys out the other.

Real estate is usually someone’s biggest asset, and it becomes a challenge to settle a divorce when it is involved. There’s something about real estate that makes it different from other assets.

When doing the financial splitting during the divorce process, it’s important that you take a bird’s eye view and do a financial analysis instead of just saying you want to find a way for everyone to get an equal amount.

With real estate involved in a divorce, you should have a team of experts weighing in to contribute from their respective lenses; with a combination of essential, different perspectives, you can arrive at the best possible solution.

Approaching the issue of real estate from a completely objective standpoint makes the process run more smoothly. Rather than focusing on comfort, a practical mindset is necessary to make a decision that will best set you up for the future.

Resources

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By Stacy Francis

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