Primarily servicing the greater New York City metropolitan area



LEONARD M.WEINER, ESQ, Ph.D.
DIVORCE SOLUTIONS
206 East 38th Street
New York, N.Y. 10016
(212) 370-1660

FINANCIAL ISSUES - MARITAL PROPERTY V. SEPARATE PROPERTY

Question #80:
I'm married for 4 years; my husband bought a condo just 2 weeks before marriage. My name was added on the title 1,5 years later. During last 4 years our condo got appreciation in about 130,000. We had the joint account opened before we got married and then all the time, all the payments were done from our joint account, including mortgage payments. I'm working and my pay checks go directly to our account. My question is: Can I claim an equity interest in the condo when it will be sold after the divorce?Thank you.
Answer:
You do not indicate which state you are located in. In NY, which is an equitable distribution state, you should be entitled to approximately half of the value of the Condo. If you are located in the NYC metro area, please call me at 212-370-1660 to discuss mediating your divorce. The issues involved require an experienced attorney to provide guidance. This is not one of those things you should try to save money on by "doing it yourself". Your financial future and well being depends on the decisions you are making now!
Leonard M. Weiner, Esq./Divorce Solutions
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