Purchasing Property Prior to Marriage

Answer:

In the event that you are thinking about acquiring property prior to your marriage, and you’re wondering how it’s going to affect you after you get married or get divorced, you should know that when you acquire the property before marriage, it is your separate property and you’re going to want to maintain it as its separate property status. If you end up titling it jointly, by the time of your divorce, it will have a marital status. That being said, that doesn’t mean you aren’t entitled to a separate property credit. To best ensure that your separate property stays separate property, in the event of your marriage or possible future divorce, you should consult with an attorney to discuss a prenuptial agreement.