Is inheritance considered marital property in Maryland?
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Is inheritance considered marital property in Maryland?
In Maryland, marital property is all property acquired during a marriage, by either party, no matter whose name it’s titled under. But what about an inheritance? An inheritance is not in and of itself marital property, says Ronald Ogens, a family attorney in Bethesda.
How do I transfer my mortgage into someone else’s name?
Assumable MortgagesIf a loan is “assumable,” you’re in luck: That means you can transfer the mortgage to somebody else. In most cases, the new borrower needs to qualify for the loan. To complete a transfer of an assumable loan, request the change with your lender.
Can I buy into my partners house?
Yes, you can add your partner to your property title to make you the joint owners of the property but they need to have an interest or share in the property. The existing loan may also need to reflect this new ownership structure, which means that the loan may need to be refinanced.
