Posted on: 08th Dec, 2009 09:07 pm
We also want to build a house together on the waterfront property. My father will put the land in my name only as that is the family tradition. If we were to divorce down the road, how would that affect my husband? Should we try to get them to put both of our names on the deed, rather than just mine?
certainly a propery held jointly will be more beneficial to a spouse than one held only in the name of the other spouse. couples have clearly been affected by such circumstances in the past, and will continue to be so affected down the road as well.
it's a wonderful thing that you're thinking of his best interests yet you're also expressing the possibility of divorce, which complicates everything anyway, no matter what.
honestly, if you own the property yourself and divorce, there will be issues; if you own the property jointly and divorce, there will be issues. i don't suppose i've ever considered how to own something vis a vis a spouse while at the same time contemplating a future divorce.
this is difficult - you have "family tradition" versus potential marital bliss or sadness. i hope that you make the right choice - i don't feel it my place to suggest one or the other.
it's a wonderful thing that you're thinking of his best interests yet you're also expressing the possibility of divorce, which complicates everything anyway, no matter what.
honestly, if you own the property yourself and divorce, there will be issues; if you own the property jointly and divorce, there will be issues. i don't suppose i've ever considered how to own something vis a vis a spouse while at the same time contemplating a future divorce.
this is difficult - you have "family tradition" versus potential marital bliss or sadness. i hope that you make the right choice - i don't feel it my place to suggest one or the other.
Thanks for your reply! He is the one concerned about not having his name on the deed. I thought that since I would be acquiring it while we are married, it would be community property anyway. I really don't anticipate a divorce, otherwise I would never consider building a house with him.... but I guess who ever anticipates divorce?
keep reading these forums, and you'll notice that the contemplation of divorce isn't an unusual thing.
it's natural that your husband would be concerned if property that involves both of you were to be owned solely by you. that brings up feelings of trust, or distrust, which can be devastating to a marriage, of course. it's the same thing as a married couple keeping separate savings or checking accounts - it seems natural that there would be a blending of everything into the marriage - money, property, friends, entire lives all enter the equation.
family traditions are dangerous to marriages, in case after case.
it's natural that your husband would be concerned if property that involves both of you were to be owned solely by you. that brings up feelings of trust, or distrust, which can be devastating to a marriage, of course. it's the same thing as a married couple keeping separate savings or checking accounts - it seems natural that there would be a blending of everything into the marriage - money, property, friends, entire lives all enter the equation.
family traditions are dangerous to marriages, in case after case.