If I Spent Award Money On New Home Can I get it Back if Sold?
Thanks for your time and Help,
2 attorney answers
Usually, if you can show the money was from a personal injury case AND you kept it separate in an account in your name and used it only around when you purchased the house you can get a dollar for dollar credit. If you mixed it in with other marital monies, salaries, other deposits it is less clear. So the real answer is you need to consult with an experienced matrimonial attorney and discuss the details.
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VCery difficult question to answer without more information. Generally, if seperate property is used to purchase property, it remains seperate unless comingled. Meaning, if you meant it to be owned by both of you it will likely be considered to be a marital residence and split accordingly during equitable distribution. Even still, if you can prove the source of teh funds, you may be able to get a credit for such. You should consult a divorce attorney that practices in your county.
This should not be construed as legal advice on any specific facts or circumstances. The contents are intended for general information and educational purposes only and may not be quoted or referred. This does not constitute an attorney client relationship.
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