Q: I inherited a home and then got married. If I refinanced it in my is it considered marital property now?
The house is in mine and my dad's name and mine and my dad's name is on the refinance. Husband nowhere on it.
A: The house itself may not be marital property, but some of the equity will be. You should speak to an attorney before you do this.
A: If you ever get divorced, and your spouse asks for some equity out of the home, the Court will determine if he is owed anything and if so, what he is owed. And they may consider any money he has put into the home, any money he has paid on the home, whether joint funds contributed to the remodel or addition(s) of the home in any way, etc.
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