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Downsizing living space after high asset divorce

For many Massachusetts spouses, one of the most concerning aspects of a looming divorce is the need to find alternative living arrangements once the process is complete. Even in a high asset divorce, one or both spouses will often need to find new housing options once a divorce is underway. It can be difficult to consider moving out of the family home, especially if that property is one's dream house.

In order to make it easier, spouses may want to consider changing the way that they view the upcoming move. In many ways, downsizing can be beneficial both in the short and long term. For one thing, a smaller home usually means lower monthly payments. That can be extremely helpful as a newly divorced spouse creates his or her own budget.

Another positive that accompanies a move to a smaller home is the fact that maintaining, cleaning and otherwise caring for the home should be a far simpler matter. Less square footage translates into less time spent vacuuming, dusting and otherwise keeping things neat and clean. For those who rent in the months or years following a divorce, maintenance and repairs are the responsibility of the landlord, leaving more time to focus on building one's future as a single person.

Downsizing has a number of additional benefits, and spouses who are preparing for a high asset divorce should make every effort to list the advantages of moving to a smaller property. Having that list can be a powerful reminder on days that the process feels overwhelming. It should also be noted that downsizing after divorce is not a permanent move, and spouses in Massachusetts can go on to find their new dream home in the years to come.

Source: Washington Post, "Divorce, and moving from a big house to a tiny apartment", Christina Adams, Oct. 18, 2016

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