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It depends on what state you are in i think. I know that in the state of Arizona you cant divorce has to be finally or other partner can make you sell and give them half of what you get from that new house..... Hope this helps
In some states property purchased, although separated, can still be considered maritial property. I would not advise it.
AnswerYes. However, depending on the state that you live in, this may not be advisable. Each state has its own laws regarding marital asset division. As the other contributor mentioned, a state like Arizona uses a "community property" approach. This means that any property or debt acquired from the beginning to the end of a marriage will be divided by the court. There are 9 community property states as of 2011, including Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin.The court's decision typically splits the community property evenly between the spouses, unless there are extenuating circumstances. Because of the potential for conflict, many spouses settle the matter privately with attorneys. If you choose to buy a home before your divorce is final, keep this in mind as the property you purchase will either be considered by the court or by private legal counsel.
What else can I help you with?
if getting a divorce and you have two vehicles in your name and the other spouse want get the vehicle in their name can you legally sell it before the divorce?
If the car is in your spouses name then yes, they can sell the car if they own it. If it is in joint name or it is your car then it is illegal to sell the car.
Do you have to divorce my husband before putting house for sell?
Usually a house is part of the divorce since it was bought while there was a marriage. This means that both of you have an interest in the house. You will have to settle with your husband what will happen with the house.
What happens to the house during a divorce if neither party wants it?
Sell it and divide the profits and losses.
What strategies can be implemented to avoid capital gains tax during a divorce?
One strategy to avoid capital gains tax during a divorce is to transfer assets between spouses as part of the divorce settlement, as transfers between spouses are typically not subject to capital gains tax. Another strategy is to sell assets before the divorce is finalized to realize any gains while still married, as this can potentially reduce the tax liability. Consulting with a tax professional or financial advisor can help in developing a tax-efficient divorce strategy.
Should I sell my stocks before going through a divorce?
It is advisable to consult with a financial advisor or lawyer before making any decisions about selling stocks during a divorce.
If I bought my house before I got married do I have to sell it we divorce She wants me to sell it so she can get half of the sale profit and I want to keep living there Help?
It depends on local legislation. It may be considered communal property. You need to consult a lawyer.
What are the strategies for avoiding capital gains tax in a divorce settlement?
One strategy to avoid capital gains tax in a divorce settlement is to transfer assets between spouses as part of the settlement agreement. This transfer is considered a tax-free event during a divorce. Another strategy is to sell assets before the divorce is finalized to realize any capital gains while still married, as the tax implications may be different. Consulting with a tax professional or financial advisor can help navigate the complexities of capital gains tax in a divorce settlement.
How long do you have to own a house before you can sell it?
There is no set time requirement for how long you have to own a house before you can sell it. You can sell a house as soon as you own it, but it's important to consider factors like market conditions and potential tax implications before selling.
Can the executor sell mom's house before her death?
They certainly may not sell it before her death! They have no power to do anything.
If you divorce husband and sell later will you have to pay him?
No you may not have to, if it was brought after the divorce.
What are the tax implications of a divorce house buyout?
When one spouse buys out the other's share of a house during a divorce, it can have tax implications. The spouse receiving the buyout may owe capital gains tax if they sell the house later for a profit. It's important to consider these tax implications when negotiating a buyout agreement.
Your father just recently passed and on your parents divorce papers it says as long as you live in this house it cant be sold So Can your brother try to sell the house?
You need to consult with an attorney in your jurisdiction who can review your situation and explain your rights under your state law and under the divorce agreement.
