‘I wonder if he married me for monetary reasons’: I want to buy a home without putting my husband of 7 years on the deed

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Dear Quentin,

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I decided to sell my 17 year old house to get a job in another state. At that point, I told my husband of seven years that I wanted a divorce. He was aware of the job offer. His secrets and lies were “by omission” the reason I wanted a divorce.

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Later, he came to me and said he wanted half the equity because he helped pay the mortgage and did some work on my rental property.

My brother and I inherited the property when my mother passed away from my husband seven years ago and I got married (dad had passed away several years ago). Needless to say, I said no to his request. That would have been half of $154,000.

Was I wrong to deny him halfway?

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We decided to work on the wedding. I sold the house and the equity is in my personal bank account. I have since placed a deposit (from equity) on a new home in a new state. I asked him if he was okay with the title of my name, and he said yes.

My understanding is that he has to sign a claim resignation letter before closing. Also, their credit is not that good. He repays the loan late. We tried to buy a house together twice and both times the late payments led to a shortfall in the purchases and my income alone was not enough.

,‘We tried to buy a house twice together and both times the late payments led to a decline in purchases and my income alone was not enough.’,

With my new job, my income is enough for me to buy a house. It’s important to me to keep the title because he isn’t paying any money for the purchase and the fact that he has a house in a different state (from where we moved) that he bought many years before our date/marriage was and has chosen not to sell or rent.

Also, he told me that his house was not considered “our” home because I had never paid the mortgage on it. I really don’t know why he’s holding it. I can only guess that he wants to leave it to his adult children who always milk him for money or a safe haven if we divorce. I have kids too: two adult boys who are stable and own the house.

Am I selfish not to put that on the title?

My husband is retired with a good “for life” pension and social security. he has money; Just bad credit. I work and can get Social Security next year at age 65.

He keeps financial things from me. He opened a separate bank account as I would not remove my name from the joint account as per his request, but he kept his name on the joint account.

Neither of us uses a joint account unless it is to send money to bill each other. Sometimes I wonder if he married me for financial reasons. He wanted half of the sale of the house that I inherited from my mother and/or to return the money I had spent 15 years ago to settle my rent.

secret and lie

You can email The Manitist at [email protected] for any financial and ethical questions related to the coronavirus, and follow Quentin Fotrell Twitter.

Dear Married,

If you didn’t put your finances on the house you inherited from your mother, you had every right to sell it and keep the money, as long as you didn’t put that money in a joint bank account. Was your spouse paying rent or contributing to the mortgage? The latter can change the situation in your home. Today is the best time to consult a lawyer.

It is very easy for a separate property to become a matrimonial property. “Suppose one party owns a house before getting married. However, once the marriage takes place, the mortgage of that house is paid using the income of both the parties. This can be considered as a union, and that house may be converted into matrimonial property,” according to Mansoori Law Office In Beverly Hills, Calif.

“An inheritance is generally considered to be separate property,” it adds. “However, if the inheritance is kept in a joint bank account shared by both the spouses, it can be considered as marital property. So, how can the spouse avoid coming into the property? One way is to state Whose property is in prenupial or postnuptial agreement.”

Given that you have children from previous relationships, your turbulent marital issues, your husband’s record of having a low credit score and what you see as his secret financial accounting, I agree that it would be better to keep your related assets separate. . After all, he seems to have managed it with his wealth, and he has his eye on you.

What action you take from this moment on will depend on whether you live in community property or in an equitable distribution situation. A withdrawal claim may not be enough to buy a new home. An attorney will decide whether you need a post-marriage settlement and/or what funds you can use for such purchases if you eventually divorce.

tread carefully The “what’s yours is ours and mine is mine” approach is warning enough.

By emailing your questions, you agree to publish them anonymously on Businesshala. By submitting your story to Dow Jones & Company, the publisher of Businesshala, you understand and agree that we may use your story, or versions thereof, across all media and platforms, including through third parties.

check out The Maniast Private Facebook Group, where we seek answers to life’s most thorny money issues. Readers write to me with all kinds of dilemmas. Post your questions, tell me what you’d like to learn more about, or peruse the latest Manifest column.

Dhani is sorry that he cannot answer the questions personally.

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