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We tackle the toughest legal issues with down-to-earth commentary you can use from our expert panel of attorneys which spans Florida from Tampa to Orlando and Miami. In this edition, we will be dealing with what happens when a couple decides they no longer can live together but a divorce may still take some time to complete. Who leaves, who stays while the legal process plays out? As you will see below, there are different takes on what a person should do. But our experts all agree on one thing: do not do anything rash without thinking matters over thoroughly or consulting an attorney if there are questions in your mind about leaving the home. Also ing us are the firm partners Howard Iken and Alberto Ayo.
When I married my husband, my children and I moved into a home that he already owned outright.
Will i automatically inherit my husband’s house?
Since we are married he feels that anything he owns including his bank s will automatically be mine. It all depends on whether your husband has children, too. With a life estate, however, you would not be able to sell the home if it became too expensive to maintain. If he has children, you are correct that something needs to be done.
Similarly, your husband could make you a beneficiary of the marital home given that he owns it outright. Read : My brother is pressuring our mother to over her house.
There are all sorts of shenanigans that involve family members and wills. The Moneyist column has juggled quite a few of these in recent times. It was a sad story. Why did this happen? There was no will. You have children, so you should make a will, too. So you are right to have this conversation now, especially about such a complex topic.
How are property and debts divided in a divorce?
Too many times, a surviving wife is left in the dark when it comes to finances and is left grappling with savings s which she may not even have known exist. Sorting these issues out now will bring you peace of mind and prevent any unnecessary stress should your husband pre-decease you.
Do you have questions about inheritance, tipping, weddings, family feuds, friends or any tricky issues relating to manners and money? Would you like to up to an alert when a new Moneyologist column has been published?
Do i need to put my wife’s name on my house? doesn’t she automatically inherit it when i die?
If so, click on this link. Hello there, MarketWatchers. Readers write in to me with all sorts of dilemmas: inheritance, wills, divorce, tipping, gifting.
I often talk to lawyers, ants, financial advisers and other experts, in addition to offering my own thoughts. Post your questions, tell me what you want to know more about, or weigh in on the latest Moneyist columns. You can follow him on Twitter quantanamo.
Home Personal Finance The Moneyologist. Published: Nov. ET By Quentin Fottrell. Is this true?
Erica, Marion County, Fla. Read : My brother is pressuring our mother to over her house There are all sorts of shenanigans that involve family members and wills. More from Moneyist: How do I fend off cashiers asking for donations?
Why can’t my wife let me unwind at the pub after work?
Quentin Fottrell. The U. Why the new tax law caused a 'perfect storm' for Roth IRA conversions. Zillow to stop purchasing U. Advanced Search Submit entry for keyword. No found.