Am I entitled to new equity in a property my husband bought before we were married?
Full Question:
My husband bought property 1 year before our marriage and he has been paying for the property since. During our marriage, the property went up $700,000. Do I have the right to share any of this property at all?
04/28/2009 |
Category: Marriage ยป Marital Prop... |
State: California |
#16238
Answer:
Property acquired before marriage is typically separate
property. As to separate property, California courts may not award any
portion of one spouse's solely owned separate property to the other
spouse unless both parties request such a division. Generally, the
increase in value of separate property belongs to the sole owner, unless
the title changes due to refinancing or other circumstances.