Shared property ownership following marital dissolution is a situation where both former spouses retain legal titles to the same residential property. For instance, a divorced couple might decide to keep their names on the deed of their former family home, perhaps to provide stability for children or due to financial considerations.
Maintaining joint ownership can offer certain advantages, such as allowing children to remain in a familiar environment or providing time for the housing market to improve before selling. Historically, this arrangement was less common, but increasing housing costs and complex financial situations have made it a more frequent outcome of divorce proceedings. The decision to continue as co-owners has significant legal and financial implications.