Is my ex husband entitled to any equity on our home if he relinquished his rights when we divorced?

Full question:

My husband and I are getting divorced. In October 2006 he signed the house over to me relinquishing all claim to it. We went through a settlement and now the deed is in my name only. Now, he decided that he wants part of my house. Is he entitled to any of it?

  • Category: Divorce
  • Subcategory: Property Settlements
  • Date:
  • State: New Jersey

Answer:

New Jersey is an equitable distribution state in which the court, if the parties have not entered into a settlement agreement, will divide the marital property equitably between the parties, taking into consideration many factors such as; the duration of the marriage, the standard of living established in the marriage, etc.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

After 20 years of marriage, a wife may be entitled to a share of marital property, which can include assets acquired during the marriage, such as the family home, retirement accounts, and other investments. The division is based on equitable distribution principles, considering factors like the length of the marriage, contributions to the household, and financial needs. It's advisable to consult a family law attorney for personalized guidance based on specific circumstances.