Is marital property the same as community property?
Table of Contents
Is marital property the same as community property?
Marital Property and Community Property States Community property states follow the rule that all assets acquired during the marriage are considered “community property.” Marital property in community property states are owned by both spouses equally (50/50).
Can husband claim ownership of property bought in wife’s name?
Earlier, a trial court had ruled that a husband cannot claim ownership of property that is in the name of his wife because it would be looked upon as a benami property. The HC ruled: “It is legally permissible for a person to purchase an immovable property in the name of his spouse from his known sources …
What happens if my husband died and I’m not on the mortgage?
If there is no co-owner on your mortgage, the assets in your estate can be used to pay the outstanding amount of your mortgage. If there are not enough assets in your estate to cover the remaining balance, your surviving spouse may take over mortgage payments.
