Tenants in common

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What is the name of your state (only U.S. law)? California
My son and I are not married and are buying a home together. If one or the other marries we do not want our spouse to have any rights to the property. We want all rights to go only to each other. Is this possible?

 

[LdiJ]

What is the name of your state (only U.S. law)? California
My son and I are not married and are buying a home together. If one or the other marries we do not want our spouse to have any rights to the property. We want all rights to go only to each other. Is this possible?

Yes, and no. You and your son will be the only legal owners of the property, but any future spouse will have a 1/4 interest in any equity that accrues during the marriage. You might consider having any future spouse sign a prenup regarding the house before getting married. However, prenups often can be broken. Certainly a long term marriage might allow a prenup to be broken.

 

[Ohiogal]

What is the name of your state (only U.S. law)? California
My son and I are not married and are buying a home together. If one or the other marries we do not want our spouse to have any rights to the property. We want all rights to go only to each other. Is this possible?

You know, Redneck Weddings on CMT had an episode where a brother married a sister. If you were married, this would be a whole other post and I would ask you when your episode of redneck weddings was airing.

And quite frankly it is NOT possible unless your future spouses are willing to agree to it in a legally binding format such as a prenup that LD suggested but that is NOT ironclad.

 

[nextwife]

You know, Redneck Weddings on CMT had an episode where a brother married a sister. If you were married, this would be a whole other post and I would ask you when your episode of redneck weddings was airing.

And quite frankly it is NOT possible unless your future spouses are willing to agree to it in a legally binding format such as a prenup that LD suggested but that is NOT ironclad.

Could they place it in a family trust?

 

[Ohiogal]

Could they place it in a family trust?

That would depend on a variety of things I do believe. They could talk to a specialist who could determine if a trust would offer the protection they desire.