Am I entitled to this condo even though I don't sign any docs? He told me he will make a loan of $100,000 for this condo and his mother will pay the rest. He is the person earning money. I am the full-time housewife. Do I own part of this condo? Any help is appreciated. We live in California and the condo is in CA too. Thanks.
2007-02-02 12:16:07 · 18 answers · asked by Anonymous in Politics & Government ➔ Law & Ethics
His mother already owns TWO houses - but both are far from our house. She is 78 years old. I quit my $80k "software engineer" job 6 years ago to take care of our two little kids. It's hard to go back now. I still doubt even though I don't sign the title docs, do I still own part of this condo? I am pretty sure the condo will be under both my mother-in-law and my husband's names.
2007-02-02 13:17:50 · update #1
Sofar that i know in california when you married and you don't have the agrement( like annulment ) then you are the owner to.. if you have legal married license.
and make sure if that condo is for his mother or for "SOMEONE ELSE".. since he is not consult anything with you..
2007-02-02 12:20:52 · answer #1 · answered by sylvaniaS 3 · 0⤊ 0⤋
It depends on how the condo is titles. If your husband buys the condo in his name and lets the mother live there, then under California law, since the property was acquired during the marriage, it community property and you own half. On the other hand if the idea is to simply pay for your mother to buy the house, essentially giving her $100,000, then the property belongs to your mother-in-law and your husband is stuck with nice gift tax! You can only give $10,000 away tax free. The remainder is subject to tax, payable by the giver! Better make sure your husband know that.
2007-02-02 14:09:59 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Who's name will be on the title?
There was a change in CA law recently (I believe) in which any property acquired during a marriage is communal regardless of who's name is on the title. But if his mom's name is on the title, then you wouldn't have any claim to the property. You should check with an attorney.
I sort of wonder why you care so much. He's doing something nice for his mom.
2007-02-02 12:20:47 · answer #3 · answered by misskate12001 6 · 1⤊ 0⤋
Well if you divorce him you are entitled to half of everything so I'm guessing you wuld own part of it. I wouldn't want to be with a man who doesn't even consult you about things like this. You had to give up earning money to look after his children so he shouldn't just think that the money is just his. It's a partnership. By the way why is he buying a place for his mother?
2007-02-02 12:20:03 · answer #4 · answered by Anonymous · 0⤊ 1⤋
Talk to a lawyer in your state. But California is community property so any property acquired during the marriage is 1/2 yours. Except of course if you have a premarital contract and then we're treading where you need a lawyer. I would talk to one anyway, if your husband is this big of a jerk you may need a good lawyer sooner than you think.
And look at it like this, you'll get to keep your house because he can go live with Mommy in the condo.
2007-02-02 12:17:56 · answer #5 · answered by BlueSea 7 · 1⤊ 2⤋
Tell him let his mother buy the condo what about you he should buy the condo for u not for his mother. What don't tell me he is married to his mother too.
2007-02-02 12:19:23 · answer #6 · answered by j13 3 · 0⤊ 1⤋
I guess legally you do, but he is the one making the money and you are sitting on your butt feeding you fat face. If you were also working, you would have more of a moral standing. Of course, you are from California and we all know about morals there.
2007-02-02 12:22:55 · answer #7 · answered by Damn Good Dawg 3 · 1⤊ 0⤋
Oh, Oh, you sure that condo is for his momma??? You just seen what happened to the Mayor of SanFran. And since you are the wife, half of his is yours and half of yours is his.
2007-02-02 12:22:11 · answer #8 · answered by Anonymous · 1⤊ 0⤋
No, you do not, once he gives signs the title to his mother. California does not have Dower Rights.
2007-02-02 12:35:15 · answer #9 · answered by cyanne2ak 7 · 0⤊ 0⤋
A condo for 100G's in CA. I am shocked. I thought they costed much more.
2007-02-02 12:19:52 · answer #10 · answered by JiveSly 4 · 1⤊ 1⤋