Q: We bought a house 3 months ago loan is in his name house in both Jan will be 3 yrs married . How is this handled
A: How is what handled? You haven't asked a question about something specific.
A: Any asset acquired during the marriage is considered a marital asset. As a general rule, the net value of a marital asset is divided equally when spouses divorce. Net value means fair market value of the asset minus any debt owed on the asset. There are exceptions to the general rule, so you will need to discuss the specifics of your case to determine your rights.
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