Thursday, May 13, 2010

Can a married couple make a legal contract where one spouse can purchase property in their name only?

If one spouse wants to buy an apartment with his or her personal life savings, can that spouse make a binding legal contract where that property will remain in his or her possession if the couple divorces?Can a married couple make a legal contract where one spouse can purchase property in their name only?
In most cases, I believe the property would need to be purchased BEFORE the wedding. And remember that even with contracts, pre-nups, and the like, if there are children, then its all up for grabs in a divorce.





Simply put, no one can legally sign away their children's rights to a parent's assets.





Good luck with this one...Can a married couple make a legal contract where one spouse can purchase property in their name only?
If It's a community property state, you're gonna have problems. You should probably check the laws in your state. Especially if you are going to buy land or something like that that has permanence and value. In Texas, it isn't legal. Everything purchased by one spouse automatically shares ownership with the other. She might not need your jock strap, but it's still partly hers.
No, that's why you are legally married, you share in the fortune and loss equally. You seem to be another one that wants it both ways at the same time, are you sure you're not jewish.
In most states, yes.





Community property states, it could be tricky.

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