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.
Answered on 10/18/16, 11:59 am
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
