Learn Ask A Question Get Help
Home > Law Advice > FreeAdvice Answers > Ohio Divorce, Marriage, Alimony > FreeAdvice Question and Answers
in   from 


    

Question: Divorce, Marriage, Alimony - Ohio

Asked on 10/15/2009
Does a loan that was purchased before the marriage gets refinanced after the marraige does that make it community property
I live in Ohio, the home was bought prior to marriage just in one person's name and is going to be refinanced but stay in just that person's name after the marriage

 Notify me of updates.   Answer This Question!      Question Offensive or Inappropriate?

This question received 74 views.    
|More

Answers (1):

AttorneyPages has verified that this person is an attorney.

The amount of equity in the home that increases during the marriage is marital property unless all payments are made with separate property like an inheritance. If payments are made with income at least a portion of the house is considered marital property. Ohio is not a community property state but rather an equitable distribution state. How much of the house is considered marital property would be based on facts not in evidence.



  • Answered on 11/11/2009
  • Rating:
  •  Rate this answer






AttorneyPages.com
HACKER SAFE certified sites prevent over 99.9% of hacker crime. State Law Center  |  Legal Resource Directory  |  Legal Articles  |  Insurance Advice and Quotes  |  FreeAdvice Answers  |  Community Forums
Media  |  Privacy Policy  |  About Us  |  Contact Us

FreeAdvice® has been providing millions of consumers with outstanding legal and insurance information and general advice, free, since 1995. While not a substitute for personal advice from a licensed professional, FreeAdvice is available AS IS, subject to our disclaimer and conditions of use.
FreeAdvice®, AttorneyPages®, ExpertPages® are registered trademarks and units of Advice Company.
All Rights Reserved © 1995-2010