When I purchased my home my husband didn't want to have to pay any part of the mortgage, insurance or taxes so he signed an interspousal transfer. I have been paying for the home with my income for the past 15 years. He has never contributed to my bank account. He kept all his earnings and spent it. Now we are getting a divorce and he wants half of the equity in the home. Is he entitlted to any of the equity in the home even though he signed an interspousal transfer? And if he is why? The property and the loan is in my name only.
Divorce is the process of formally ending a marriage. Divorces may be jointly agreed upon, resolved by negotiation, or decided in court.
Separate property generally refers to property that is acquired before marriage. However, gifts and inheritances are also separate property.
by attorney Edwin Castellanos
Identifying and dividing complex marital assets is a tremendous challenge in a high asset divorce. While most spouses tend to settle their property... more