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by Anonymous on June 10th, 2005

Anonymous

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If one spouse purchases property during a divorce, can this become part of the settlement?

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  • by chudsosoft on June 10th, 2005

    chudsosoft

    It depends on local law, but generally the answer is no. Usually, the property considered in the settlement is the property that was communally owned by the married couple at the time of the filing for divorce, ie. assets that the married couple accumulated during the time they were married. Now, if a large asset was sold to buy another large asset, then that new asset might be consider communal property. Or if there was a large joint savings account and that money was used to buy something of significant value.

    This is my understanding of the issue. I could be wrong. As always, your best bet in legal matters is to consult an attorney.

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