Owned property before marriage, and now there is a house on it. who gets what during divorce settlement?
-
My Dad is going to be getting a divorce from my step mother. When they origianlly married, that property of 5 acres was paid in full. It had a double wide trailer on it. In 1999 they built a log home. My question is. When going through the mediation for divorce. Is the property my Dad's since he owned it out right before the marriage. This is Oregon, so please answer according to Oregon Law. I was unable to find info on it.
-
Answer:
It would probably go to your Dad, but he'd have to give up something to cover the share that she put in to have the house built (even if she didn't, the law says she does.)
Jillian at Yahoo! Answers Visit the source
Other answers
"Oregon is an equitable distribution state, and fault is not a consideration when dividing the marital estate. Retirement plans shall be considered part of the marital estate, and the court shall consider the contribution of a spouse as a homemaker as a contribution to the acquisition of marital assets. The court presumes that both spouses have contributed equally to the acquisition of property during the marriage, whether such property is jointly or separately held, and thus should be divided equitably. In arriving at a just and proper division of property, the court shall consider reasonable costs of sale of assets, taxes and any other costs reasonably anticipated by the parties. If spousal support is awarded in lieu of a share of property, the court shall order the obligor to provide for and maintain life insurance in an amount commensurate with the obligation and designating the recipient as beneficiary for the duration of the obligation. In determining the proper division of property, the court may consider evidence of the tax consequences on the parties of its proposed judgment. "
jaker
"Oregon is an equitable distribution state, and fault is not a consideration when dividing the marital estate. Retirement plans shall be considered part of the marital estate, and the court shall consider the contribution of a spouse as a homemaker as a contribution to the acquisition of marital assets. The court presumes that both spouses have contributed equally to the acquisition of property during the marriage, whether such property is jointly or separately held, and thus should be divided equitably. In arriving at a just and proper division of property, the court shall consider reasonable costs of sale of assets, taxes and any other costs reasonably anticipated by the parties. If spousal support is awarded in lieu of a share of property, the court shall order the obligor to provide for and maintain life insurance in an amount commensurate with the obligation and designating the recipient as beneficiary for the duration of the obligation. In determining the proper division of property, the court may consider evidence of the tax consequences on the parties of its proposed judgment. "
jaker
It would probably go to your Dad, but he'd have to give up something to cover the share that she put in to have the house built (even if she didn't, the law says she does.)
firecoal
Related Q & A:
- What should I do now to be a web designer?Best solution by Stack Overflow
- What are the pros and cons of buying a house using an FHA loan?Best solution by Personal Finance and Money
- What are 10 causes of FIRE in a house?Best solution by readersdigest.ca
- What food from a house do minnows eat?Best solution by ChaCha
- How do I find out what happened to a house?Best solution by ChaCha
Just Added Q & A:
- How many active mobile subscribers are there in China?Best solution by Quora
- How to find the right vacation?Best solution by bookit.com
- How To Make Your Own Primer?Best solution by thekrazycouponlady.com
- How do you get the domain & range?Best solution by ChaCha
- How do you open pop up blockers?Best solution by Yahoo! Answers
For every problem there is a solution! Proved by Solucija.
-
Got an issue and looking for advice?
-
Ask Solucija to search every corner of the Web for help.
-
Get workable solutions and helpful tips in a moment.
Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.