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From Mark Weisleder’s newsletter…
Who gets the family home when a marriage breaks down?
When a marriage breaks down, one of the major questions for a couple is how to deal with the matrimonial home. On the one hand, there may be a desire for one spouse to stay in the home with the children, to provide some family stability. However, due to the tax advantages relating to the matrimonial home, legal advice should be sought before making any decisions. As the attached article indicates, there are many issues, including division of assets, support and taxation that will have to be determined. Click here to read the article: