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You may consider a quitclaim deed if one former spouse is remaining in the home and taking over both the loan and full ownership of the home. Tax implications of selling your house after a divorce
After a divorce, community property is divided equally in some states and according to the discretion of the court in the other states. [ citation needed ] No two community property states have exactly the same laws on the subject, and the statutes or judicial decisions in one state may be completely opposite to those of another state on a ...
However, things can get more complicated if the property has a mortgage or another lien, like a home equity loan. In a divorce, the ownership of the property and of the outstanding mortgage are ...
According to a survey by Certified Divorce Financial Analysts (CDFA), 22% of divorces in North America stem from money problems, underscoring how important financial conversations are.
Community of Acquests and Gains: Each spouse owns an undivided half-interest in all property acquired during the marriage, except for property acquired by gift or inheritance during the marriage, which is separate property; or which traces to separate property acquired before the marriage, which remains separate property; or which is acquired during a period when the couple are permanently ...
The rule against perpetuities serves a number of purposes. First, English courts have long recognized that allowing owners to attach long-lasting contingencies to their property harms the ability of future generations to freely buy and sell the property, since few people would be willing to buy property that had unresolved issues regarding its ownership hanging over it.
Continue reading → The post Divorce Laws in Indiana appeared first on SmartAsset Blog. If you’re careful, though, a divorce doesn’t have to bring financial ruin. You just have to make sure ...
Possession is nine-tenths of the law" is an expression meaning that ownership is easier to maintain if one has possession of something, or difficult to enforce if one does not. The expression is also stated as "possession is ten points of the law", which is credited as derived from the Scottish expression "possession is eleven points in the law ...