Legal Question in Family Law in Nevada
Property ownership
In 1992 I was married in the state of California. My wife rented her house in Ohio and moved to California.
In 1995 the house was sold, and the money invested in the stock market. In 1998, she purchased a home in Nevada. We now reside in this home. I wish to file for divorce, is this current house community property?
2 Answers from Attorneys
Re: Property ownership
There is no easy answer to this question - it is a "tryable issue" that will depend on a number of facts, including
1. Is.f your name is on the title, and if so, what was her intent in putting your name on the title? Remember, even if the property is not community property, if it is joint property because it is in both of your names, you have an ownership interest in it.
2. Is the property is financed, and if so, what is the ratio is between the amount she received from the sale of her house in Ohio (and put up as a down payment) and the value of the property today.
3. Whether either or both of you did any major "fix up" or repairs to the house.
Re: Property ownership
It would depend upon commingling and the state of title of the house and the stock. For a $75.00 phone consultation, please call 1-800-677-1010. Keith Knochel, [email protected].
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