Divorce Solutions

Question #77

I’m married for four years; my husband bought a condo just two weeks before marriage. My name was added on the title 1,5 years later. During the last four 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 made from our joint account, including mortgage payments. I’m working, and my paychecks 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.

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 condo’s value. 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 depend on the decisions you are making now!

Leonard M. Weiner, Esq. /Divorce Solutions