Legal Question in Family Law in Virginia
I have equity from a home I owned when I got married that I now plan to put into a new home for myself and child. My wife owns the home we are currently in. Can she stake any claim to my home purchase if done while we are still legally married, or am I clear since she never had any part of the original home?
Asked on 7/16/10, 11:33 am
1 Answer from Attorneys
Michael Hendrickson
Law Office Michael E. Hendrickson
Yes, the equity you've desribed should be considered your sole
property under Virginia law unless your wife somehow contributed to
the orignial purchase price funds for the property and/or its increase in equity
during the course of the marriage.
Answered on 7/17/10, 9:23 am