Should You Keep the House If You Divorce After 60?

Second Saturday Team

Finances

You have an emotional connection to your home, especially if you have lived there for many years and raised a family within its walls. If you are considering a later-life divorce, you likely won’t have to deal with the difficulty of child custody negotiations. Instead, ownership of the home might be the biggest question you face in your divorce negotiations.

Should you keep your home after divorce? We have written about this topic before, but the equation changes for older divorcees. As you reach your 60s and beyond, you can use your home in ways that younger divorcees cannot.

Sometimes we caution women against trying to keep the home after divorce, as it can be extremely difficult to maintain mortgage payments on a single income and to buy your husband out of his existing equity in the home. However, let’s look at a few ways that keeping the home can be an advantage to older adults.

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