QUESTION
If we file a divorce, am I entitled to give her half interest in the home?
Asked on Dec 18th, 2015 on Estate Planning - Ohio
More details to this question:
We have been married for 10 years. We separated (not legally) three years ago and she moved to another state. In that time, I purchased a home outright with my own funds. Four months ago, we reunited and things are not looking good.
1 ANSWER
Commercial & Bankruptcy Law Attorney serving Powell, OH
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Ronald K. Nims
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Generally speaking, a residence purchased during the marriage is considered marital property which is owned 50-50. If you were living separately there is some argument that the residence is totally yours but it's up to the judge.
Answered on Jan 08th, 2016 at 4:39 PM