Few words stir up as many feelings, emotions and memories as the word home. For most people, home is the place where they feel the most comfortable and happy and where they spend time with the people in their lives who mean the most. For parents, home is the place where a child took his or her first steps and experienced many other firsts. Given the significant place that a family home holds in the hearts of many people, it's no wonder that divorcing couples often struggle when it comes to figuring out what to do with a family home.
While making the decision to divorce is never easy, for parents, breaking the news to the kids can be even harder. When it comes to announcing something as big as the breakup of the normal family structure, there are no second chances and parents would be wise to form a united front and to carefully think through and practice what they want to say before delivering the difficult news.
Individuals who were born between 1946 and 1964 are collectively referred to as baby boomers and, since the beginning, this generation has been known for bucking the trend that doing things their own way. For example, while a significant percentage of the 65.2 million baby boomers grew up in two-parent homes, today it's estimated that one out of every three baby boomers "will face older age unmarried."
In any divorce, money is bound to be a central issue--with each spouse wanting to ensure that he or she receives a fair share. However, before any decisions can be made about who gets what and how much of it, all assets and debts must be accounted for. In cases where a spouse isn't completely honest about the value of certain assets or outright attempts to hide assets, the divorce negotiation process can stall and quickly become contentious.