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Getting Divorced in Maine? How to Split Your Real Estate Fairly?

Divorce is a complex journey, and few aspects carry as much emotional weight and financial significance as the division of real estate. For families in Maine, the marital home, vacation property, or investment real estate often represents not just a substantial asset, but years of memories and financial dreams. Navigating this process requires a clear understanding of Maine law, practical planning, and often, skilled negotiation. This article will delve into the specifics of real estate division in Maine divorces, offering actionable advice and highlighting key considerations. Understanding Maine's Equitable Distribution Principle Maine is an “equitable distribution” state, which means that marital property, including real estate, is divided fairly, but not necessarily equally, between divorcing spouses. This differs significantly from "community property" states, where assets are typically split 50/50. In Maine, the court considers a variety of factors to...