Marital Property?


#1

WHEN YOU GOT MARRIED DID THAT HOUSE BECOME YOUR MARITAL RESIDENCE? OR DID YOU RENT THAT PROPERTY AND USE THE FUNDS FOR ANY MARITAL REASONS? NEVERTHELESS YOU WILL PROBABLY HAVE TO SPLIT IT.


#2

The house is not considered marital property unless it was retitled jointly during the marriage. However, any improvements made to the house during the marriage or payments made towards the principal could be considered marital property.

Lisa M. Angel
Board Certified Family Law Specialist
The Rosen Law Firm
4101 Lake Boone Trail, Suite 500
Raleigh, NC 27607
(919) 781-1741 direct voice
(919) 256-1660 direct fax
(919) 787-6668 main voice
(919) 787-6361 main fax
NCdivorce.com
email: angel@rosen.com

The response posted above is based upon the limited factual information made available and is not intended as a full and complete response to the question. The only reliable manner to obtain complete and adequate legal advice is to consult with an attorney, fully explain your situation, and allow the attorney sufficient opportunity to research the applicable law and facts required to render an accurate opinion. The basic information provided above is intended as a public service but a full discussion with an attorney should be undertaken before taking any action.


#3

I bought a house when I was a single. After getting married, I used to do the mortagage payments. Will this property then be considered as seperate or marital? Our marriage was 5 years old.

If yes, will I have to split 50-50 on the entire equity or just for the equity which was built after I got married till the date of seperation.

I would be highly obliged if you can let me know at your earliest convenience.

Thanks,