FINANCIAL ISSUES - MARITAL PROPERTY V. SEPARATE PROPERTY
My husband and I have been married for five years. He has owned the house we are living in for the past 18 years. One year ago he placed my name on the deed and we refinanced the house. I am the sole mortgage holder and money that was borrowed was put into a joint bank account. My husband now wants a divorce. Am I entitled to half the house as well as half the money in the joint account?
If you are named as one of the owners on the deed as a joint tenant or tenant in common, and you signed the mortgage, in the event of a divorce you should be entitled to one-half of the house plus one-half of the joint account.
If you are located in the New York City metropolitan area, please call me to discuss mediating your divorce. My number is 212-370-1660.
Leonard M. Weiner, Esq./Divorce Solutions