Your situation is confusing. First, if the home was purchased during the marriage, the presumption should be that it is a marital asset. However, you state that you gave her $17,000.00 for the home. The question that is raised is where did the $17,000 come from? Your personal account or from the marital bank account. If from the marital bank account, that would further the presumption that it is a marital asset. If from your personal account, one would have to ask if you and your spouse were keeping your monies and other assets separate from the marital assets. Good luck.
Answered on May 11th, 2015 at 4:32 PM