Divorce Newsletters

When the wife should get the house

March 1, 2012

There are cases when the wife should keep the house, even when doing so will create an unequal settlement. Let's look at Bill and Barbara (an actual case taken from records in a Colorado courthouse).

Bill and Barbara are 45 and 49, respectively, and have been married 18 years. They have one son. Bill earns net $3,675 per month minus child support payments of $413 and maintenance payments of $500 per month. His living expenses are $1,900 per month. Barbara earns net $980 per month plus $413 child support and $500 maintenance. Her living expenses with the son are $2,630 per month, which creates a negative cash flow of $812 per month.

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