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Relationship Discussion (non-explicit)
Reply to "Marital Home equity"
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[quote=Anonymous][quote=Anonymous]Home equity is part of total assets. The goal is to divide total assets equally. That could mean splitting each asset down the middle, or there could be offsets - one person keeps more of the home equity while the other person keeps more of the long-term investment accounts, for instance. Assuming the home equity is the biggest item and should be split 50/50, there are a couple of ways to do it. If one party stays in the house, they must refinance in their own name, and the remaining spouse buys out the departing souse (paying 50% of the equity in cash or equivalent value of other assets). If neither spouse can afford the house on their own, the house gets sold, and proceeds are split 50/50.[/quote] Very helpful, thank you. [/quote]
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