Legal Question in Real Estate Law in New York

If a son is put on a deed at the time of purchasing a house and he did not contribute financially to the down payment

of the home is he entitled to a third of the profit when the home is apprised at a higher value. Also if he gets divorced does his ex-wife get half of his profit if he is entitled to it by law


Asked on 10/18/16, 11:55 am

1 Answer from Attorneys

David Slater David P. Slater, Esq.

If he owns an undivided interest he would be entitled to share in profit. Wife may be entitled to share of his proceeds in marital distribution.

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Answered on 10/18/16, 11:59 am


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