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  #1  
Old 05-16-2008, 09:00 AM
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Fiance won't include my name on deed?!

What is the name of your state? pennsylvania

Hi, A situation arose a few days ago that has me quite flummoxed. A little backround:
My fiance and I are to be married in September. He has signed a contract for "our" home and the closing is in June. He is paying about $400,000.00 cash for the home. I am not contributing to the cost of the home. His net worth is about five million. I basically have..nothing! I do work, but in the social service field and my pay is minimal. I am currently renting a home.
A few days ago I brought up whose name would be on the deed. His response was that it would be his name only has he is paying. Now I know nothing about PA law, divorce law, etc., but this left me with an uneasy feeling. I expressed this to him and his response was that if we were to be divorced (which of course no one forsees when they marry) he would not think it to be fair that I receive 1/2 of the worth of the house. He started telling me how I would receive 1/2 of the gains of his portfolio since the time we were married.
Just curious...does anyone know if this is "standard procedure"? I have no friends or family to ask who have been in this situation. Please don't think I'm a gold-digger, I just want to know if this is usually the way this type of situation is handled.
Thanks so much!What is the name of your state?
  #2  
Old 05-16-2008, 09:03 AM
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I agree with your boyfriend. If he's buying a house prior to the marriage, with 100% of his money, then he should deed the house in his name only.... since it's completely his house.

As far as what you should get... for a short term marriage (not saying yours will be) you should get 1/2 of whatever you put into it. If you put in 0, then you should get exactly that.

Longer term marriages and you MAY be entitled to half of the equity in the home, but with this market... it's doubtful that'll be much for a while.
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  #3  
Old 05-16-2008, 09:05 AM
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Quote:
Originally Posted by Lakegirl View Post
What is the name of your state? pennsylvania

Hi, A situation arose a few days ago that has me quite flummoxed. A little backround:
My fiance and I are to be married in September. He has signed a contract for "our" home and the closing is in June. He is paying about $400,000.00 cash for the home. I am not contributing to the cost of the home. His net worth is about five million. I basically have..nothing! I do work, but in the social service field and my pay is minimal. I am currently renting a home.
A few days ago I brought up whose name would be on the deed. His response was that it would be his name only has he is paying. Now I know nothing about PA law, divorce law, etc., but this left me with an uneasy feeling. I expressed this to him and his response was that if we were to be divorced (which of course no one forsees when they marry) he would not think it to be fair that I receive 1/2 of the worth of the house. He started telling me how I would receive 1/2 of the gains of his portfolio since the time we were married.
Just curious...does anyone know if this is "standard procedure"? I have no friends or family to ask who have been in this situation. Please don't think I'm a gold-digger, I just want to know if this is usually the way this type of situation is handled.
Thanks so much!What is the name of your state?
Its becoming more usual, because people are more concerned about preserving their premarital property. However, even with doing that, you will still be entitled to a share of the equity that accrues on the home, during the marriage, should you happen to divorce.
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Last edited by LdiJ; 05-16-2008 at 09:32 AM.
  #4  
Old 05-16-2008, 09:08 AM
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Originally Posted by LdiJ View Post
Its becoming more usual, because people are more concerned about preserving their premarital property.
Because the length of time planning the wedding is sometimes longer than the actual marriage.....
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  #5  
Old 05-16-2008, 09:11 AM
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Quote:
Originally Posted by Lakegirl View Post
What is the name of your state? pennsylvania

Hi, A situation arose a few days ago that has me quite flummoxed. A little backround:
My fiance and I are to be married in September. He has signed a contract for "our" home and the closing is in June. He is paying about $400,000.00 cash for the home. I am not contributing to the cost of the home. His net worth is about five million. I basically have..nothing! I do work, but in the social service field and my pay is minimal. I am currently renting a home.
A few days ago I brought up whose name would be on the deed. His response was that it would be his name only has he is paying. Now I know nothing about PA law, divorce law, etc., but this left me with an uneasy feeling. I expressed this to him and his response was that if we were to be divorced (which of course no one forsees when they marry) he would not think it to be fair that I receive 1/2 of the worth of the house. He started telling me how I would receive 1/2 of the gains of his portfolio since the time we were married.
Just curious...does anyone know if this is "standard procedure"? I have no friends or family to ask who have been in this situation. Please don't think I'm a gold-digger, I just want to know if this is usually the way this type of situation is handled.
Thanks so much!What is the name of your state?

Standard procedure? Umm, standard procedure in this type of case is that you would sign a pre-nup stating you would get nothing if it was a short term marriage. This home belongs STRICTLY AND COMPLETELY to your boyfriend. Why would you be uneasy about the fact that he owns the house that he bought and paid for?
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  #6  
Old 05-16-2008, 09:19 AM
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Why would I feel uneasy? Because I know nothing about law and want to make sure I'm not getting screwed As I said earlier, I just wanted to know if this sounded "Kosher". Thank you all for your replies!
  #7  
Old 05-16-2008, 10:04 AM
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Originally Posted by Lakegirl View Post
Why would I feel uneasy? Because I know nothing about law and want to make sure I'm not getting screwed As I said earlier, I just wanted to know if this sounded "Kosher". Thank you all for your replies!
How could you possibly be being screwed by him being able to keep something he completely paid for when he was a single man?

Yeah.... you're sounding gold digger-ish. Making sure you're not getting screwed by not being able to get any of HIS things. Here's a legal term for you: sole and separate property.
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  #8  
Old 05-16-2008, 10:06 AM
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You know, I guess I should have seen some bashing coming......
Lighten up, pop a pill and have a nice day
  #9  
Old 05-16-2008, 10:13 AM
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Originally Posted by Lakegirl View Post
You know, I guess I should have seen some bashing coming......
Lighten up, pop a pill and have a nice day
Lighten up? Your boyfriend should WAKE up.
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  #10  
Old 05-16-2008, 02:02 PM
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Originally Posted by Lakegirl View Post
I expressed this to him and his response was that if we were to be divorced (which of course no one forsees when they marry) he would not think it to be fair that I receive 1/2 of the worth of the house
He's right, it wouldn't be fair. He should be entitled to keep whatever he "brought to the marriage" if you two divorce. So, it is prudent for him to NOT put you in title.

I'd do the same thing if I were he.
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  #11  
Old 05-16-2008, 02:23 PM
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Originally Posted by nextwife View Post
He's right, it wouldn't be fair. He should be entitled to keep whatever he "brought to the marriage" if you two divorce. So, it is prudent for him to NOT put you in title.

I'd do the same thing if I were he.
Exactly, and I would go even a step further, particularly if I had a fiance that felt "entitled" to being on the deed and contributed zero down. I'd either look either very closely at my choice of a future mate and BACK out, or I'd have a prenup drawn up.

I'd probably choose to back out.
  #12  
Old 05-16-2008, 02:57 PM
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As I had originally stated, the reason for my question is because I am ignorant of the law.
So sue me-ha ha.
Geesh, did everyone wake up on the wrong side of the bed this morning?
I guess all of you who are so cynical can thank your lucky stars that you're not my fiance, becuase there will be no prenup.
I obviously don't see the need for personal attacks when someone asks an "innocent" question on a public forum.
Is this what y'all call advice??????
  #13  
Old 05-16-2008, 03:05 PM
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Originally Posted by Lakegirl View Post
As I had originally stated, the reason for my question is because I am ignorant of the law.
So sue me-ha ha.
Geesh, did everyone wake up on the wrong side of the bed this morning?
I guess all of you who are so cynical can thank your lucky stars that you're not my fiance, becuase there will be no prenup.
I obviously don't see the need for personal attacks when someone asks an "innocent" question on a public forum.
Is this what y'all call advice??????
No , you should thank your lucky stars that he is willing to still marry you after you brought up the question with him.Think about it.If you had come here first, everyone's answer's would have been the same. Only you would have known better than to have asked him a question that might have ultimately ended your engagement.

So YOU are the one that is lucky. Keep up the wrong thinking and with asking him about HIS money and HIS property and he may rethink things. There's still plenty of time for him to back out.
Last edited by penelope10; 05-16-2008 at 03:08 PM.
  #14  
Old 05-16-2008, 03:12 PM
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I don't recall asking you or anyone for advice on my PERSONAL affairs.
So have a good weekend everyone, I think y'all need to go out and get laid.
  #15  
Old 05-16-2008, 03:19 PM
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Quote:
Originally Posted by Lakegirl View Post
I don't recall asking you or anyone for advice on my PERSONAL affairs.
So have a good weekend everyone, I think y'all need to go out and get laid.
Nice attitude. Like I said there's still time for him to back out. Hope he wakes up.
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