50:50 split upon sale of house?

My spouse and I will be divorcing but will maintain 50:50 ownership even after divorce. She will continue to pay 50% of mortgage and I will as well. We will sell in 8 years time when kids move out. When we sell, would the escrow be able to release half the proceeds to me and half to my ex-spouse? Reason to do this is to avoid triggering any inter-spousal profit/gains transfer which would trigger taxes since 8 years is beyond conventional exemption duration.

submitted by /u/domo_roboto
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My spouse and I will be divorcing but will maintain 50:50 ownership even after divorce. She will continue to pay 50% of mortgage and I will as well. We will sell in 8 years time when kids move out. When we sell, would the escrow be able to release half the proceeds to me and half to my ex-spouse? Reason to do this is to avoid triggering any inter-spousal profit/gains transfer which would trigger taxes since 8 years is beyond conventional exemption duration. submitted by /u/domo_roboto [link] [comments]

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