Frequently Asked Questions

My spouse and I purchased a house during the marriage. My spouse had bad or no credit, and as a result, the house is in my name only. I have always paid all of the mortgage payments, taxes, and insurance on the house. Do I have to share the property value with my spouse?

Yes. If the property was purchased during the marriage, it does not matter how it is titled or who paid the mortgage, it is considered a marital asset. There are a few exceptions such as a prenuptial agreement or if it was purchased with inherited money. Even in those exceptional circumstances, the spouse may be entitled to "increased value" that occurred during the marriage. Note: This answer does not apply to couples who are not married. In that case, property is divided as it is titled."