Soft Landing Divorce Podcast 🇨🇦

Buying a New Home During Separation: Avoid Hidden Legal Fees and Protect Your Matrimonial Home

Navigating the urge to buy a new home during separation can feel like a fresh start, but rushing in without a solid separation agreement and full financial disclosure might turn your dream oasis into marital property subject to division. In this episode, experts dive into the biggest misconceptions about purchasing property amid divorce, including tax implications, lender requirements, and the risks of emotional decisions that could lead to additional legal costs and a rushed divorce timeline. Discover how to safeguard your financial situation post-separation with tips on timing for buying home, realtor during divorce, and creating a post-divorce financial plan for long-term security.

Key Takeaways

• Always secure a legally binding agreement with full financial disclosure before buying a new home during separation to prevent it from becoming marital property and facing property settlement agreement disputes.
  
• Consider the matrimonial home's emotional and financial value—ask about post-divorce budget, maintenance costs, home insurance, and tax implications to decide whether to keep or sell.
  
• Beware of family gifts for home purchase; without proper documentation, they could be deemed marital property, leading to court-ordered sales and shared proceeds.
  
• Consult a family lawyer or mediator to avoid hidden legal fees, rushed divorce timelines, and emotional decisions that jeopardize your financial future post-separation.
  

Featuring

Sarah Bates, Certified Divorce Specialist and founder of Naked Divorce Filer by DTSW, shares her expertise in simplifying uncontested divorces with clarity and compassion.
Ken Maynard, Certified Divorce Financial Analyst and Accredited Family Mediator, discusses his Soft Landing Divorce Settlement Method for amicable, cost-effective resolutions.

Listen & Subscribe