Are you unsure if pre-marital funds used to purchase property in your name is considered to be separate? Contact our office today.
Question:
What if I bought property during marriage with pre-marital funds?
Answer:
If your husband is claiming that he used premarital funds to acquire a condo during the marriage, then the question really is whether or not he’s entitled to what’s called a separate property credit. What you should do is consult with an attorney. You would discuss with your attorney the nature of the asset that was purchased, how it was purchased, the funds that were used to acquire that property and whether or not you think he can trace it.
Have you or your spouse used pre-marital funds to purchase property and want to know if it is classified as separately-owned? Contact our office today to consult with an experienced Saratoga family law attorneys.
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