2006-07-30 15:41:17 · 7 answers · asked by Curious 1 in Family & Relationships ➔ Other - Family & Relationships
It all depends how the title is recorded. She may or may not get his 1/2 of the property. Consult an attorney or a real estate agent to figure this one out. She could also get his share if he/she divorce it all depends. Further, he may opt to leave his share of the property to his wife in the event of his death. However, I would not be concerned unless he, before he marries, get a prenuptial agreement asking her to waive her rights to all assets adquired before the marriage. Remember 50% of all marriages end in divorce.
2006-07-30 15:49:58 · answer #1 · answered by Billie 2 · 0⤊ 0⤋
there are a great deal of factors in this.
Typically however property defaults into surviorship (IE he dies the house then goes to you and vice versa) HOWEVER - If your daughter in law is now on the mortgage,then she is now a co owner and upon his death the property will default to you and her OR if your son has written a will listing his share of the property to be divided upon his death, then his estate will go into probate and divided as outlined in the will.
My best advice to you, is to get the advice of a laywer to see how the laws in your state handle such issues.
Worse case situation is that she can only get the percentage of the property that your son has vested into it.
good luck
2006-07-30 22:50:07 · answer #2 · answered by dgreaves2001 2 · 0⤊ 0⤋
Joint tenancy and tenancy-in-common are totally different. In your case in joint tenancy, you would be the sole owner if he dies since there is no revision to the ownership status after he marries. Even if he and his wife had a mutual agreement, you as an owner did not consent to the ownership.
2006-07-30 22:51:08 · answer #3 · answered by Nice Guy 2 · 0⤊ 0⤋
Depends on his will and the laws where you live. I would assume if you are both on the deed as joint tenants, then his property (house, bank accts., investments) go to her when he dies.
What's the big deal? You don't trust who your son will maybe marry?
2006-07-30 23:18:05 · answer #4 · answered by fugutastic 6 · 0⤊ 0⤋
His wife. you can ask to buy her out. But if she says no for what ever reason then you will have to go to court if you realy want the house that bad.
2006-07-30 22:56:20 · answer #5 · answered by juicy 1 · 0⤊ 0⤋
you get to split it right down the middle Madia
2006-07-30 22:45:39 · answer #6 · answered by browneyedgirl 3 · 0⤊ 0⤋
have you heard of a will?
2006-07-30 22:45:27 · answer #7 · answered by norwood 6 · 0⤊ 0⤋