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May 11, 2008

The House You Owned Before The Marriage

If a married couple gets divorced, and one of the spouses owned their home before the marriage, the house is part marital property and part nonmarital property.

The value of the house at the time of the divorce can be divided into several categories:

(1) the equity the owning spouse had in the home at the time of the marriage (nonmarital);

(2) the amount the couple paid off on mortgage principal while living together as husband and wife (marital);

(3) the appreciation in the value of the house over the course of the marriage that can be attributed to the owning spouse's premarital equity (nonmarital);

(4) the appreciation in the value of the house over the course of the marriage that CANNOT be attributed to the owning spouse's premarital equity (marital); and

(5) the increase in value of the house that can be attributed to home improvements that the parties made during the marriage (marital).

Most of the time, the components of the house's value cannot be objectively determined or fixed without either the reasonable compromise of the spouses or the expertise of a neutral appraiser.

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Gerald O. Williams

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  • The content of this blog is for general informational purposes only and does not constitute legal advice or an attorney-client relationship. To establish an attorney-client relationship with Gerald Williams requires a retainer agreement signed by you and him.