Premarital Property


#1

Dear IMSTUCK:

Greetings. It sounds to me like these funds are still separate, since you did not say that you added anything to them, just her name to the account. Passive losses and gains (like market ups and downs) on separate property remain separate. Best of luck.

Janet L. Fritts
Attorney with Rosen Divorce
4101 Lake Boone Trail, Suite 500
Raleigh, North Carolina 27607
RosenDivorcecom
919-787-6668

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.


#2

I have question about what’s premarital and what’s not. I have a mutual fund started prior to marriage. I added my wife’s name as joint tenants after we married. The acct was worth $X before marriage and went down by almost half 2 yrs ago. Now it is back up to $X. Is she entitled to any of the funds? Couldn’t she argue the loss and gains occured during the marriage?

I M Stuck