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#1
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Does putting name of spouse on deed make it marital property?What is the name of your state? Virginia Prior to our marriage, my husband purchased the land on which our home is built. He deeded the land in both our names soon after we married, which we together signed over as security for the construction loan, and avoiding mortgage insurance. Being that he owned the land prior to our marriage, but then retitled the deed of the land to include both our names, is the land considered to be separate property or marital? |
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#2
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| Marital property so long as you have a current interest in the property. There are times when a spouse's name can be on the deed and it does not give them a current interest in the property and thus it is not marital property. A TOD is an example.
__________________ Parents should remember three things: Love your kids more than you hate your ex (or soon to be ex) & when you have children the relationship with the other parent is until death parts you & how you treat your children determines what type of nursing home you end up in. Nothing stated by me should be taken as giving you legal advice or forming an attorney/client relationship. The devil is in the details after all. Licensed to practice law in Ohio and a Guardian Ad Litem for children |
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#3
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| Quote:
If a person is vested in title, they have an OWNERSHIP interest in the property. Whether married to each other or not.
__________________ Adoptive parents ARE "real" parents. Sharing genes is not what makes you a "parent"! |
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