How to Split Proceeds from the Sale of a House
AuthorKelsey Heath. Date:
Whether you’re divorcing, co-owning with a partner, or dividing an inherited home, the process can be emotional, legally complex, and full of surprises. Disagreements over ownership, contributions, or what each person is owed can quickly become disputes if not handled carefully. That’s why it’s important to understand your options before the sale occurs. Knowing how the proceeds should be divided and what factors affect that split can save time, money, and conflict. In this article, we’ll cover the most common situations, how ownership types impact the division, how to calculate your share, and what legal tools can help protect your rights. Types of Joint Ownership Structure How a property is legally owned determines how sale proceeds are divided. Here are the most common ownership types and how they affect your share: If ownership shares aren’t clearly documented, courts often default to a 50/50 split—even if that doesn’t reflect actual contributions. … Continued
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