We lived in a $500,000 house during our marriage, do I have a right to another house of that same price moving forward?
The reasonable standard of living is more art than science. There may be specific rules in your jurisdiction on how to budget for housing or retirement savings moving forward. If you lived in a $500,000 house during the marriage, if there is sufficient income to support two households of this value, you may have a right to a similar home. Splitting the difference and each living on $250,000 homes may be considered out of line with the reasonable standard of living during the marriage. It may make the most sense to find a middle ground like each being in a $300,000-350,000 house if it is workable with your incomes.
Building a Budget
Divorce is a time to seriously examine your financial needs and ability to support yourself. The foundational step in a cash flow analysis is the creation of a comprehensive budget.
Spousal Support
Learn all the considerations and elements of the analysis of spousal support, one of the most challenging financial aspects of divorce.
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