Ask Experts Questions for FREE Help !
Ask
    mandieanne21's Avatar
    mandieanne21 Posts: 1, Reputation: 1
    New Member
     
    #1

    May 29, 2008, 02:02 PM
    Inherited property
    My husband's family gave him a piece of land as inherited property while we were married. If we build a house on the land and later down the road get a divorce, am I intitled to 50% of the property and house?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
     
    #2

    May 29, 2008, 02:32 PM
    Will you be getting a loan on the home, how is the land mortaged, he can add your name to the deed to be sure you will.
    George_1950's Avatar
    George_1950 Posts: 3,099, Reputation: 236
    Ultra Member
     
    #3

    May 29, 2008, 02:33 PM
    My guess is that each state is somewhat different as to how it approaches division of property in a divorce; where I live, the real estate would be his because it was acquired by inheritance, but the improvements (house) would be divided between you because it was constructed as a marital asset.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Inherited property [ 2 Answers ]

I inherted a house after my mother passed away, theire was mortgage on the property and my cousin lived in the house and paid only the payment, is this considered a rental,the house has been sold recemtly , I am not sure how to list it on my taxes

Tax on inherited property [ 4 Answers ]

My mother died in 1980 without a will. The house was split 4 ways and my father was one of the 4. in 1990, he signed his share over to the three kids and has lived there rent free For the past 17 years. Now he is moving and we need to sell the house. He showed me An appraisal done at my...

Tax on Inherited property? [ 1 Answers ]

I inherited a home from my mother. The home was sold six months from the time of her death, and no improvements were made on the home. Do I have to pay capital gains tax?

Property taxes on inherited property [ 1 Answers ]

When daughter inherits home from parent and moves into the home, is there an adjustment to the property tax base in California? Currently taxes are extremely low but house has increased in value since purchase 40 years ago. House is held by trust.

Inherited property [ 2 Answers ]

Sir, we are three brothers, my father has inherited the property frm my grandpa.My father has not done the registry of the land .Now I want to know that when we three brothers will inherit the property from him,will it be necessary get the registration done of the land which will be given to me,...


View more questions Search