janinegirly
Ideal_Rock
- Joined
- Sep 21, 2006
- Messages
- 3,689
ok--warning..this is a financially focused post, so may seem boring and unromantic..but i'm curious if anyone has feedback, particularly those who are married or lawyers.
what happens after the wedding if one party owns property and the other doesn't? I know it still is fully owned by the party who purchased it since of course they put the money down and are on the deed etc. And I know that after certain amount of years this may change, but initially...I'm wondering if even after marrying, it is still a separate asset fully and wholly owned by the original purchaser only.
Secondly, and along the same lines, what if the spouse who has no ownership makes a contribution monthly to the mortgage? That spouse still has no ownership and receives no tax benefits or shelter. This seems unfair to me. This of course would also apply to couples living together, but I'm curious if anything changes with marriage.
Just curious, and thanks for listening!
what happens after the wedding if one party owns property and the other doesn't? I know it still is fully owned by the party who purchased it since of course they put the money down and are on the deed etc. And I know that after certain amount of years this may change, but initially...I'm wondering if even after marrying, it is still a separate asset fully and wholly owned by the original purchaser only.
Secondly, and along the same lines, what if the spouse who has no ownership makes a contribution monthly to the mortgage? That spouse still has no ownership and receives no tax benefits or shelter. This seems unfair to me. This of course would also apply to couples living together, but I'm curious if anything changes with marriage.
Just curious, and thanks for listening!