Is home marital?


#1

I owned a home outright when I got married. We later moved after selling the first home and using the proceeds to buy another home. Would the current home be considered marital property or separate property or something in between?
Thank you


#2

Any home you purchased during the marriage is considered marital property. Even if you used the proceeds from your previous home as a downpayment, in North Carolina if you take separate funds and invest it in jointly held real estate, there is a presumption that this is a gift to the marriage, and thus becomes marital property.