Sunday, 4 January 2015

What are the rules of dividing property that is financed all in one spouses name?

Question

What are the rules of dividing property that is financed all in one spouses name?



Answer

If the property is purchased during the marriage it is considered marital property - unless the property was purchased with money from an inheritance or some other source that was not normal marital income. It does not matter that only one name os on the title.



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