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abcdefghi
LIF Adolescent
Member since 5/13 685 total posts
Name:
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House
Message edited 7/17/2022 3:54:11 PM.
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Posted 5/8/22 4:47 PM  |
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lululu
LIF Adult
Member since 7/05 9508 total posts
Name:
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Re: House
That would protect you in the event that he dies but in the event that you get divorced I am not sure it protects you at all. If he purchased it prior to getting married it would be a premarital asset and it is his I think.
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| Posted 5/9/22 8:06 AM |
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MrsWoods
LIF Adult
Member since 4/12 1461 total posts
Name:
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House
If your husband has a will, he can place the ownership to you when he passes. If no will, as the surviving spouse, it still would go to you. You would just need to go through the courts and you and your children together would own it. If no children, then you may have to split ownership with siblings of his.
Im in same boat as yours and do not have name on deed but because of personal finance reasons, i don't want to be on it. His will says i will own it when he dies though unless we divorce then our kids own it.
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| Posted 5/9/22 11:19 AM |
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SecretlyTTC14
LIF Adult
Member since 12/13 1770 total posts
Name:
B
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Re: House
Everyone has different circumstances, but it does protect you in the event of a divorce or death. If you're never added, it remains his prior asset.
If he's willing to add you, I would have him do it.
I know a couple that's divorcing. He was told it was a good thing he never added his STBX to the deed of his home. She's an addict and he would have had to buy her out of 1/2 if she was added.
If you have a normal marriage though, you def want to be added.
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| Posted 5/9/22 11:41 AM |
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Budjeg11
LIF Adult
Member since 4/11 2642 total posts
Name:
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Re: House
Posted by abcdefghi
My husbands name is only on our deed of the house (he purchased it prior to us getting married). What do I need to do to add my name? How does this protect me? What is the average fee for something like this? Do I need an attorney or this is a form I can file myself with the county? Thank you.
In order to add your name , you will need to file a quit claim deed transferring the house from your husbands name only to both of your names- as joint tenants with rights of survivorship. Married couples are automatically assumed to have JTWROS unless otherwise stated.
You could do this yourself but I would recommend having a lawyer do this-- it should not be more than a few hundred dollars.
Once you are added, in the event that he passes, 100 percent of the house goes to you. That being said unless he has a will stating otherwise you would still be entitled to 100 percent of the house. UNlesss you have kids... if you have kids then you are entitled to 50K plus half the house.
Now if you are worried about divorce, i believe that you are best served to have your name added to the deed = once it is it doesnt matter that he purchased the property before you were married. If he does not add you to the deed, the property is considered a premarital asset and in teh event of divorce he gets all of the house-- except you are entitled to whatever, appreciation the house saw from the time he bought it thru present if that appreciation is a result of his labor (renovations etc) and not just bc of market conditions and inflation etc.
Hope this makes sense.
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| Posted 5/9/22 12:35 PM |
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