Legal Question in Real Estate Law in Pennsylvania
Property Ownership/ Title
My fiance owns the home we are
planning to live in, free and clear,
minus current taxes, fees, etc. How,
if at all, will the ownership of the
property be effected by our marriage.
I am expected to pay half of all
future bills, but I was told that my
name will not be add to the deed as
co-owner. The property is to go to a
son, by a previous marriage.
1 Answer from Attorneys
Re: Property Ownership/ Title
The ownership would not be affected at all, unless an interest is conveyed to you by a deed from your fiance, adding you as a co-owner.
If the marriage later terminates, you may have a claim for equitable distribution. It also sounds as if it may be a good idea for you both to have a pre-nuptial agreement, since any partner would want to provide for her/his children from previous relationships. I DO NOT ADVISE OR COUNSEL ABOUT FAMILY LAW QUESTIONS.
If each of you will be sharing payments, you may want to have a co-owners' agreement spelling out your respective rights and responsibilities with respect to the property, including what happens if one of you wants to move out.
You should consult with the appropriate lawyers [family law, real estate] to assist you with either or both agreements.
Best wishes.