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If you purchase property together and own a company together and live together but are not married and there is no will what are my rights and the rights of his children from previous marriage?
Wiki User
∙ 16y ago
If both of your names are on the deed, then you have rights to at least half the property. Depending on the type of agreement (rights of survivorship), you might own it outright. Same as true of the company, if you are named as an owner, you own at least half of it. Unless there is common law marriage in your state, you would be unable to claim anything just because you were living together. The kids would get the estate, you would be entitled to nothing from the estate. There are advantages to marriage! And a will!
Wiki User
∙ 16y ago
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I am a new home owner where the previous owners did not pay their property tax Do i have to pay it now?
To purchase a home it will be required that the taxes be payed. If the previous owner did not pay them and is not going to pay them then the new owner will be responsible for paying them before they can purchase the home.
What if you were married to the deceased and he got land during the marriage but only his name in on the deed and you r still married when he dies?
That would depend on where you live. In states that recognise community property it does not matter if your name is on the deed, if you purchase the property during the marriage it is community property and both own it equally. In states that do not recognise community property, if his name is the only one on the deed, then it belongs only to him.
Property Sale and Purchase In Mohali?
Property Sale and Purchase In Mohali
What rights to the adult children have when it comes to property purchase by the children but willed to a friend?
That will depend on the names on the property deed or registration. If we are talking about gifts of electronics or other items, there is none. If it is a piece of real property (land or house), the deed will control. If the only name on the deed is that of the deceased, the adult children have no say and the deceased can do what they wish with it.
Who might give you advice on purchasing property with land?
The best advice you can receive when considering a purchase of real-estate property is an appraisal expert. Getting an appraisal on a property will give you the best estimate you can find on a property. It is also cheap and fast. Other people you can consult are previous owners and neighbors.
What is a spousal waiver for when purchasing a home?
Buying a house together indicates that the house would be marital property. A waiver signed before purchase means that either spouse is relinquishes any claim to the property, should the marriage end.
In a community property state is property inherited after marriage considered community property?
Property acquired prior to marriage is separate property and remains separate unless the spouse is granted on title and contributes to the mortgage payments from community funds, then they acquire an interest in that separate property in proportion to their contributions. Paying insurance taxes, utilities is not considered a basis to make the property community.
Can insurance companies claim lapse of coverage in a situation where a purchase of home is thru a relative who maintains their coverage on the home until move in of the relative who purchased the home?
Yes. The previous owners insurance policy coverage does Not pass through to a new owner. You can not ride off the previous owners insurance policy.If all you had was the previous owners insurance policy, Then you had no insurance at all. You and your property were effectively uninsured. If a loss occurred, payment would be denied based on the fact the the named insured (previous owner) no longer has an ownership interest in the property and the new owner never contracted for an insurance policy. The old policy does not belong to you as a new owner.The previous owners policy was a contract specific to that named owner and his or her owned property with the insurance company and was between them. Once they sell, it is no longer their property. A new owner is not a named insured under the terms of the previous owners policy. The previous owner being a relative does not change this..When a property sells or changes hands the previous owners Insurance Policy ceases the exact moment down to the exact hour minute and second of the day the property changes hands. All coverage under the previous owners policy stops, it is null and void whether or not the insurance company has yet been notified of the change in ownership.The new owner has a responsibility to purchase and qualify for his or her own insurance coverage. All Property Insurance policies are like this and it is clearly stated in the terms of the insurance contract.
Can you close on a home if your divorce is not final in Texas?
No. Texas is a community property state any purchase of real property should not occur until the final divorce decree has been granted. The exception would be if the property is being purchased jointly by unmarried persons, and the co-buyer whose dissolution of marriage is pending is not named on the title/deed to the property itself.
Where can one purchase insurance for rented property?
There are a number of companies one can purchase insurance for a rented property from. One can purchase from 'Allstate', 'American Modern' and 'State Farm'.
Can you get a home equity line of credit to buy a home?
No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.
Where might one go to purchase property in Bulgaria?
To purchase property in Bulgaria, you would go to the Bulgarian Properties website. Once on the page, you can browse listings of property for sale online.
