Property Acquired by Marriage in CA
Category: Family and Home > Home
Asked by: caligirl415-ga
List Price: $20.00
16 Oct 2006 09:09 PDT
Expires: 18 Oct 2006 14:39 PDT
Question ID: 774048
Hello - my ex-husband & I are still trying to finalize our divorce by handling the property issue. We have yet to meet with an ADR to determine who gets the house. I have physical custody of our children but we have not lived there for over 2 years. My ex-husband & his longtime girlfriend, now wife, have been living there for over 2 years & his wife has been paying for the mortgage. I am still debating whether I want to argue to move back or be bought out. My question is does his wife acquire any ownership or interest in our home commencing at marriage because she has been paying for it & living there for a long period of time? If I choose to buy him out of his title, will i have to pay something to his wife as well? or vice versa? thanks
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Re: Property Acquired by Marriage in CA
From: daniel2d-ga on 16 Oct 2006 10:34 PDT
There is too much moncy involved to do this yourself. Get an attorney to handle this for you (it should have been done before the divorce was final). There are tax implications involved (e.g. capital gains are tax free if you lived in the house 2 out of the last 5 years) Now is not the time to skimp on legal advice UNLESS he is prepared to buy your half out at todays market price.
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