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What else can I help you with?
Is a lien the same as a claim?
A lien is a claim against the value of property, such as a house or a car. The property cannot legally be sold or transferred without settling the lien.
If your wife received a house in a will and you get divorced do you get any of the home?
It is generally considered that anything, including property that is gifted to you belongs only to you. But - if your spouse has lived with you in the house, has contributed to its upkeep, made improvements and/or contributed monetarily to these things, she has probably been responsible, in part for increasing the property's value and may be entitled to a % of the increase in equity during the course of your marriage. If the courts rule that to be the case and you plan to keep the property, figure that you may have to provide a cash equity settlement or comparable value through division of other marital assets.
When a couple is married and one owns a home does this home become community property?
Laws vary in community property states, but in general, if the home was owned by your spouse before you were married and you moved into this home after you were married - the home is his. What you own prior to marriage is yours when you end the marriage. But it is not quite that simple. During the course of the marriage, your property will increase in value. If your spouse contributed to the costs of maintaining or improving the property, she is entitled to a percentage of the increase in value. Contributions don't necessarily have to be monetary either. You will still get to keep the house, but you may have to buy out her percentage from the your share of the total assets. You need to work with your attorney to establish a monetary value for those contributions.
Is a quit claim part of a spouses one third of a estate?
A quit claim is a method of transferring property. It has nothing to do with the value of the estate.
Property given to you by your parents can your husband claim half the value?
No your husband cant clam on the property which is given by your parents He has no right to claim on it Answer: That depends on where you are and on what the paperwork says. It some places, it may be considered joint property. Check with a lawyer.
Can the man claim the value of a wedding ring in a divorce?
No, the engagement and wedding rings are the wife's property. It was a gift.
Do your personal photos have value in a property loss claim?
No, Personal photos, much like a cherished memory can not be replaced nor assessed a value.
Do you have to pay taxes on assets you inherit from your same-sex spouse?
No, if the state recognizes same-sex marriages. Some states have a ceiling on the value of property you may inherit tax-free from a spouse.
The federal government can take your private property for a public use if they?
They must purchase the property or compensate the property owner.
When there is a surviving spouse is the deceased spouse's estate subject to probate in the State of Florida?
Yes. There are some limitation based on the total value of the estate, but if real property is involved, you need the finalization of probate. * Florida allows married couples to hold real estate as Tenancy By The Entirety. When the property is titled TBE it passes directly to the surving spouse and is not subject to probate proceure or creditor attachment if the deceased spouse is the sole debtor.
On bankruptcy schedule d what does it mean when the value of the property is 5000 but the claim is 1000 what is the secured portion?
If the property is worth $5,000 and there is a claim on it for $1,000, there is equity of $4,000, which will have to be paid to the trustee or exempted (in a Chapter 7). The $1,000 claim will be the secured claim, assuming it is in fact secured by a mortgage, purchase-money loan agreement, judgment levy or other security.
If you have maintained a neighbors property for 10 years can you claim it as your own?
Not if you did so with the permission of the owner. In many cases a homeowner will maintain a portion of their neighbor's property in order to protect the value of their own property. If you maintained the property without the permission of the owner but openly, you should consult with an attorney in your state who is familiar with the law of real property who can review the situation and determine if you have met the requirements for a claim of adverse possession. In most jurisdictions the claim must be perfected by a court order.
