Sirdouglasb12
Junior Member
What is the name of your state (only U.S. law)? MN
I owned my home prior to my marriage. I have been married for less than 5 years. We are now going through a divorce. If I understand correctly, my wife is entitled to 1/2 of the *Appreciation* of the house in the time we were together. With the housing market slump though, my house is worth thousands of dollars less now (and therefore less equity) than when we were first married.
Since the house has gone down in value and it was a premarital asset, does she have any right to the house? If the valuation has gone down during our marriage, is that counted like a bill or liability?
Thank you!
I owned my home prior to my marriage. I have been married for less than 5 years. We are now going through a divorce. If I understand correctly, my wife is entitled to 1/2 of the *Appreciation* of the house in the time we were together. With the housing market slump though, my house is worth thousands of dollars less now (and therefore less equity) than when we were first married.
Since the house has gone down in value and it was a premarital asset, does she have any right to the house? If the valuation has gone down during our marriage, is that counted like a bill or liability?
Thank you!