FINANCIAL ISSUES - MARITAL PROPERTY V. SEPARATE PROPERTY
New York: My wife and I were married in June 2010 and I bought a house in June 2013 in my name only, both on the deed and the mortgage. My wife did not contribute to the purchase or the monthly mortgage in any way. We moved into the house in June 2013 and I moved out in July 2013. I filed for divorce on July 15, 2013. She remained in the house, but I solely pay for the mortgage still.Answer:
We are trying to list assets. My question- Is the house considered marital property if she never contributed, nor is her name attached to it?
If so, the equity in the house would be possibly divided between the 2 of us? Would that be the equity gained between June 2013 and July 15, 2013? Or from June 2013 until now?
* we have no children. *we both are employed and aside from living rent free since I pay the mortgage on my house where she lives, she pays her own bills and receives nothing else from me. * I had to move out of state in December 2013 for work, but continue to own the house.
The source of the money you used to purchase the house is very important.
Please call me at 212-370-1660 to arrange for a meeting to discuss the matter in length.
Leonard M. Weiner, Esq.