New Jersey Divorce Lawyer Explains What to Do if You Purchased a Home Together Prior to Marriage
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.
Did you buy a home with your spouse prior to marriage and now going through divorce? Contact a New Jersey Divorce Lawyer Tanya L. Freeman to help guide you