Legal Question in Family Law in Ohio

Property Division

I purchased a home 4 years ago. My current wife has lived with me for one year. We were married one month ago. I took a equity loan on house for three thousand dollars and put her on loan with me. I already had a equity loan from same bank for thirty-thousand dollars prior to marriage. Her name isn't on the deed, only the equity loan. My question is, in the state of Ohio, does she have any right to the house or property if we were to divorse in less than a year? She has a son from a previouse marriage. We have no kids together. What is she entitled to?


Asked on 7/23/07, 7:34 am

1 Answer from Attorneys
Nancy Fioritto Patete Nancy Fioritto Patete, Esq.

Re: Property Division

It appears that you and your wife would be equally responsible for the second equity loan, as a marital debt, assuming that this is the equity loan you are sharing with your wife (This is not clear.). Your marital debt should not make her entitled to a share of the house, as it is not a marital asset. Relieving your wife of her half of the marital debt could be a point of negotiation for you.

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Answered on 7/23/07, 10:22 am


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