Legal Question in Family Law in Michigan
divorce realistate question
Hello,
I understand that within mi. if you own property before your married, that's considered separate property, & the property aquired during marrigage can be considered marital property. My question is this. If I own my home excusively, & were to remarry, then I choose to buy another home, using the money from the sale of the initial home, which I owned exclusively before marriage, how do they look at that new home, If things didn't work out & we divorced. I don't necessarily want a prenupt, but don't want to run out & get into a new house right away for that technicality. Thanks for any help or information. Rob D.
2 Answers from Attorneys
Re: divorce realistate question
It's not clear cut. If you sell and house and co-mingle the funds with your wife's funds, it would probably be marital property. Even if you keep the house in your name, if you are married a long time, it will be deemed to be marital property. If you're worried bout it, don't get married. William S. Stern
Re: divorce realistate question
There is no way to assure that your assets will be protected. A prenuptial agreement is your best bet.
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