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Will your spouse's credit score be affected if your individually owned property is foreclosed spouse's name is not on the deed?
Wiki User
∙ 15y ago
Your spouse's credit score should not be affected if he/she is not on the deed or on the mortgage that was foreclosed.
Wiki User
∙ 15y ago
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Is inherited property in Tennessee considered marital property for both spouses?
No, what you inherit is yours and not part of the marriage.
Can purchasers of farm property which are all in a community property state buy the property thru an llc that is in a non community property state to protect themselves from spouses or future spouses?
That's complicated enough, and the consequences of getting it wrong are severe enough, that you really should consult an attorney.
If both spouses own the house but only 1 spouses name is on the deed to the property how is it divided in Virginia?
it's your house. it's your house.
Do spouses have to sign deeds in nc?
Any owner of real property must sign a deed in order to transfer title to a new owner. If both spouses own it then both spouses must convey it.
In a divorce situation in Florida should both the husband and wife be grantors on a quit-claim deed when conveying the property to one of the spouses as grantee?
Only the spouse who will not be getting the property needs to be a grantor on the deed. In essence, one of the spouses is surrendering their share of the property over to the other.
In what type of property do both spouses own a one half interest?
Joint tenancy
Is Arizona a Tenancy by the Entirety state?
No, it is a community property state. In a CP state all property acquired during the marriage is considered to be equally owned by both spouses, and in most cases all debts incurred during the marriage are considered to be the equal responsibility of both spouses.
Do heirs spouses has to sign the deed to sell estate property?
Laws vary based on the jurisdiction. In most, the spouse has to sign their rights in the property away. This prevents them from clouding title to the property later on.
Is the surving spouse liable for spouses medical bills in NJ?
Not individually, but the deceased's estate may well be subject to being charged for the expenses not covered by any existing insurance.
Does bankruptcy affect both spouses in Minnesota?
Bankruptcy has some effect on both spouses regardless of where they live. Unless the two spouses have taken great care to ensure that their assets are entirely separated from one another, then there is likely to be some part where the spouse will be financially affected by a bankruptcy. For details you should contact a Minnesota bankruptcy lawyer (see related links). They will be able to provide specific information about how a spouse could be affected by bankruptcy.
Are both spouses responsible for a government lien on a house if only one of their names is on the house?
Both spouses are responsible for the DEBT represented by the lien, but the lien can only attach to the interest of whoever is actually on title to the property.
If unmarried does community property exist in CA?
There are nine community property states - Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington and Wisconsin. In addition, Puerto Rico is a community property jurisdiction. These states generally regard as community property all property that has been acquired during the marriage, other than a gift or inheritance. Even if one spouse earns all the money to acquire the property, all the property acquired is considered to be community property. While there are a number of differences in each state, all states have special laws that operate on the theory that both spouses contribute equally to the marriage; thus all property acquired during the marriage is the result of the combined efforts of both spouses. In community property jurisdictions, spouses equally own all community property (fifty percent owned by the husband and fifty percent owned by the wife).
