Saturday, 25 January 2014

I purchased a coop before getting married, after we were married we transfered to a bigger coop with just my name on all the paper work. we ...

Question

I purchased a coop before getting married, after we were married we transfered to a bigger coop with just my name on all the paper work. we both were paying the maintance fees in considerating a divorce what issues will I have to face in regards to who moves an who stays?



Answer

The coop may or may not be marital property, subject to equitable distribution. You should consult a local divorce lawyer to discuss the situation in detail and develop a strategy.



Answer

If you decide to buy him out of his share of the new co-op, you should get a credit for any money used from your old co-op to buy the new one.



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