Legal Question in Family Law in Minnesota
Hi, I live in Minnesota and me and my husband are living apart for last one year. no divorce was filed yet but he may do it anytime. I am planning to buy a home with 5% downpayemnt and mortgage on my name. would like to know if he divorce after a year or so, how much would would he share in the house, would that be only the downpayment or would that be downpayment and monthly mortgages that I paid or would that be entire worth of the house? if so, what would happen to the loan that is on my name. would he sharing that as well.
1 Answer from Attorneys
Hello. Division of property in divorce is a matter of 'what is fair, just & equitable'. Also, the date set for that division to be made can & does vary. Full facts would need to be known.
As to one spouse being liable on a debt, generally the other spouse is not subject to personal liability but there are exceptions.
I suggest you very carefully choose one of us attorneys who is very well qualified & very well experienced so she can provide you with what is sometimes termed pre divorce planning (tho' you may never proceed to divorce, of course). This sort of counsel is a part of my every day work.