Legal Question in Family Law in Virginia
Property Question
My husband's father gave me a gift to cover closing costs on a home we purchased. The loan is in my name. Would my husband be able to claim ownership since his father gave the money to me as a gift? I have a letter, from his father, stating that it was a gift to me. It is included in my mortgage paperwork.
Asked on 6/05/08, 6:32 pm
1 Answer from Attorneys
Michael Hendrickson
Law Office Michael E. Hendrickson
Re: Property Question
No, in Virginia money given as a gift should remain the property of the giftee if the latter has safeguarded from having it comingled with or converted to marital property shared by a spouse.
Answered on 6/05/08, 9:39 pm