If you are going through a divorce and you own property, watch this video about purchasing a home together before marriage. Call our New Jersey divorce lawyers for guidance.
As a New Jersey Divorce Lawyer, I am often asked how a home that was purchased together before marriage is handled during the divorce.
- Today, two spouses often purchase a home together before they marry. Parties who live together for a long period of time may save their money and buy a home prior to marriage.
- Difficulties arise when the parties’ funding of the down payment for a premarital asset is unequal – or when one spouse funds the premarital asset completely.
- A number of fact-sensitive issues must be discussed with your divorce attorney to determine an equitable distribution of this asset.