Money before marriage bought house and business

undefinedWhat is the name of your state? Tennessee

I inherited a sum of money from my grandparents 10 years ago. My mother and I placed the money into mutual funds, and are joint owners on the accounts. My mother bought the house I now live in and own, 4 yerars ago I was married 3 years ago. Soon after the marriage, I bought the house from my mother with funds from the accounts. I (admit, stupid) put my husband on the deed.

I recently purchased another piece of property, commercial, and did the same thing. Now I want out of the marriage, but feel that because I used funds I had before we were married, he is not entitled.

Other fact - recently I got a business loan, using the house as collateral. This loan also paid off a $12,000 loan on a truck I was not part of. Because we are both on the deed, we both are on the loan. What are my rights? More important, what are his??

[I AM ALWAYS LIABLE]

Originally Posted by tennessee_tami

undefinedWhat is the name of your state? Tennessee

I inherited a sum of money from my grandparents 10 years ago. My mother and I placed the money into mutual funds, and are joint owners on the accounts. My mother bought the house I now live in and own, 4 yerars ago I was married 3 years ago. Soon after the marriage, I bought the house from my mother with funds from the accounts. I (admit, stupid) put my husband on the deed.

I recently purchased another piece of property, commercial, and did the same thing. Now I want out of the marriage, but feel that because I used funds I had before we were married, he is not entitled.

Other fact - recently I got a business loan, using the house as collateral. This loan also paid off a $12,000 loan on a truck I was not part of. Because we are both on the deed, we both are on the loan. What are my rights? More important, what are his??

My response:

When you placed him on the deeds, you made him an owner; i.e., You made a gift of property to him. It's his as well as yours, and there's nothing you can do about it except, perhaps, buy him out.

IAAL

[Shay-Pari'e]

You really messed up here.

[I AM ALWAYS LIABLE]

Originally Posted by --PARIDISE--

You really messed up here.

My response:

No, she really, really, messed up.

IAAL

[Shay-Pari'e]

Originally Posted by I AM ALWAYS LIABLE

My response:

No, she really, really, messed up.

IAAL

She certainly did. You have this covered. I didn't see your post. Same thinking again.

I figured I had messed up. I was just hoping for a small miracle of some way out without letting him have anything. Thanks for your help.