Shared residence is often presented as an arrangement that is in the best interests of the child following the divorce of its parents. Based on in-depth interviews with Norwegian children who have experienced shared residence, this article seeks to explore some dilemmas concerning time, agency and the children's emotions. Three characteristics of shared residence and time-sharing are presented--flexibility, ambiguity and rigidity--which points to different challenges in understanding the circumstances in which shared residence become a valuable arrangement for children. The article argues that both time and emotional dilemmas regarding shared residence should be further investigated both empirically and theoretically, and that children's agency should be acknowledged more fully.