Commingled Property

How To Get Money Back for Commingled Property

Have you made payments to commingled property and are preparing for divorce?  Katrin Falco, one of our Saratoga equitable distribution lawyers explain if you will get your money back.

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The court is assigned the responsibility of classifying and dividing property. Property may be defined as marital property, which was acquired during the marriage, or it may be classified as separate property, which was acquired prior to the marriage. However, people will make contributions in the way of making payments on a mortgage, or they will make improvements to the property itself. There is the ability to recoup monies, such as those that had been paid towards a mortgage. A spouse may also be eligible to receive a credit or an interest in the appreciation in the value of the house based upon the contributions that he or she made towards the appreciation in that house.

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