Oh no!! *&@%#$!
more by Lames
No older images
We got a restaurant shelving rack for the kitchen.
more in Home
My painter just called and...
Wedding Timeline HELP!
more in Boards
when did you start thinking about engagement?

Who owns your hive? Changing the deed after marriage.

posted 1 year ago in Home
  • 1 Members Subscribed To Topic
  •  
    1.
    Member
    165 posts
    Blushing bee
    Lames    April 30, 2011   North Carolina

    Before my fiance and I met, we had both found ourselves in our early 30s deciding we were down with being single.  So we bought houses... right before the poop hit the fan.  As luck would have it (or Murphy and his laws) the economy crashed, we met, fell in love, and needed to lose a house.  Since I would lose less selling mine, we listed it and moved into his.  No one even looked at it and we couldn't just let it sit there so it's being rented (thank goodness).  I do plan to change my name after the wedding and I know I will need to change it on my deed, but should I add my fiance?  Should my name go on the deed to his/our house?  Do we just make up wills and that should cover it?  We want to avoid each of us having two mortgages on our credit reports and don't plan to add names to mortgages... unless we have to for some reason.  I didn't even think about that.  Any advice or experience is appreciated!  Thanks!

     
    2.
    Member
    863 posts
    Busy bee
    farmgirl2106    July 2010  

    Hmm, we rent. But with the vehicles, we are going to list both names. If he listed me name on his deed, I'd be willing to list him on my deed because I just think thats fair. But that is just me. :)

    ETA: Oh, I didn't think about what mortgages would do to credit reports. Don't do it if it will affect either of you negatively. Not worth the strain on your credit.

     
    3.
    Member
    233 posts
    Helper bee
    Okole Maluna    June 11, 2011   Wailea, HI

    This won't sound very romantic, but I learned from a failed marriage. I owned my own home and he did not. I never put him on the deed ( was listed "my name, a single woman" when I bought it).  During the divorce, it turned out that he was entitled to half regardless of deed, and regardless of the fact that he did not contribute to mortgage payments because I never changed it to "my name, a married woman." I guess by default, the marriage entitled him to half unless I specifically changed the title to exclude him (This is a California thing). Even though he never paid for the mortgage, MY INCOME was considered "joint income" so technically, in the eyes of Ca law, he paid in the form of joint income. 

    I was told over and over to get a prenup, but blew it off, thinking prenups were only for the wealthy. Now I tell people until I'm blue in the face that a prenup is a MUST if you have ANY assets you want to protect. There are a TON of different ways to split property/real estate profit, so the two of you should sit down and talk to an attorney--he/she would know best how to make sure everyone's protected.

    Even if you decide to keep the deeds exactly as they are, there could be a state-specific law that affects who owns/profits anyway. 

     
    4.
    Member
    165 posts
    Blushing bee
    Lames    April 30, 2011   North Carolina

    @Okle Maluna - Thanks.  Hadn't thought about that.  I was honestly just thinking that if I get hit by a bus or he gets hit by a bus I don't want our home or my property to end up in probate.  The bus thing is probably equally less romantic!

     
    5.
    Member
    1,575 posts
    Bumble bee
    jaylii9    September 5, 2010  

    I guess it just depends on what you want to do! :)

    My husband and I bought our house when we were engaged. Our deed is a survivorship deed which basically means that if one of outlives the other we will have full ownerhsip of the house. This made sense because we both contribute to the mortgage.

    It may be worthwhile to talk to your loan officer or real estate agent that you used in the past to see what they think!

     
    6.
    Member
    6,643 posts
    Bee Keeper
    artbee    February 28, 2010  

    My husband owned our house before I came along. We didn't put my name on there. We wanted to, but then we learned that if anything happens b/c we're married I'm still entitled to half.

     

    Reply

    You must log in to post.





    Visit our sister sites eHarmony
    Online Dating
    eHarmony Advice
    Dating Advice
    Project Wedding
    Wedding Songs
    JustMommies
    Pregnancy Calendar
    Copyright 2004-2012, Weddingbee.com
     

    Find your vendors on Weddingbee

    Real reviews from brides in your area!

    Favors by Weddingbee

    • Favors by season

    Shop Now ยป

    Find Registry Find Registry Find Registry

    More
    User Posts Today
    MissBoPeep 42
    rachgirl82 39
    pengoala 35
    Beckster329 22
    Future Army Wife 20
    Sunfire 19
    couawilou 18
    MsBrooklynA 17
    KatNYC2011 17
    beargoose 17

    Home

    User Posts Today
    MissBoPeep 4
    Bostongrl25 2
    Sunfire 2
    slicey19 1
    pinkshoes 1
    ccranetobe 1
    o0olibelulao0o 1
    namarie 1
    BayStateBride 1
    rachgirl82 1
    More