WORLD Law Direct Forums  



Go Back   WORLD Law Direct Forums > Family Law, Divorce, Custody > Other Family Law Matters
REGISTER Legal Forms FAQ Calendar SEARCH Today's Posts MARK FORUMS READ

Consult Your Own Personal Lawyer Now!
Reply
AddThis Feed Button AddThis Social Bookmark Button
 
Thread Tools Search this Thread Rate Thread Display Modes
Old 05-16-2008, 08:13 PM     #1
skippy
 
Posts: n/a
Confused prenup question regarding property

hello,

my fiancee and i are considering a prenup, and one of the key issues is regarding her property. she bought the apartment we are now living in few years back before we met, and it has since doubled in value. now that we are getting married, we have decided to split the monthly mortgage payment in half. in the process i hope to gain equity of the place proportional to my payments.

what i am wondering is when we move in a couple of years and decide to sell this place, what would be my "fair" share? is it common practice to divide the sale proceeds proportional to the equity we each own of the place? if so, should equity be considered as just the "principle" portion of the mortgage, or as the total amount of mortgage paid?

how about the value appreciation of the place before i moved in - is it acceptable for her to keep all the appreciation up to the point of our marriage, then split any future potential increase according to equity owned?

this is probably not in any case a unique situation, with once spouse having property vs none for the other. i hope to gain some insight here to see what has worked for other people or the common practice. any advise/comments are welcomed.

much thanks in advance!
skippy
  Reply With Quote
Old 05-17-2008, 11:54 AM     #2
Unregistered
 
Posts: n/a
Default Re: prenup question regarding property

You often can agree to share appreciation going forward, but not for what has already occurred.
  Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:

Add Forum to Google Toolbar | Format Your Messages

Posting Rules

Similar Threads
Thread Thread Starter Forum Replies Last Post
Property Abandonment Law Question Unregistered Landlord vs Tenant Issues 5 04-28-2008 09:24 PM
prenup or no prenup tselby617 Miscellaneous Topics 1 04-08-2008 03:43 PM
LLC and property question. Unregistered Starting a Business 1 02-07-2008 09:30 PM
Signing the lease with the property manager question? Unregistered Landlord vs Tenant Issues 1 09-18-2007 09:33 PM
Question on financial responsibility for lost property Soupman Other Business & Finance Law Issues 1 02-20-2007 07:38 PM


All times are GMT -4. The time now is 10:29 PM.


Top crime attorneys

Subscribe

Use of the Forums is subject to our Disclaimer which prohibits advertisements, solicitations or other commercial messages, and false, harassing or abusive statements. All postings reflect the views of the author but become the property of WORLD Law Direct. Questions and information submitted in the Forums are assumed inquiries for general information and not legal advice.

Copyright 2000-2008 by WORLDLawDirect.com, Inc.