Is the consent from my wife required for transferring property that I acquired after marriage?

Full question:

I live in Montana with my wife. I acquired a property in my name after we got married. I would like to transfer the said property to my friend. Is the consent from my wife required for transferring such property?

Answer:

No, in Montana, any individual who acquire or own a property in his own name after his/her marriage is considered as separate property for which consent, agreement and signature from another spouse is not required to convey or transfer the individual’s property per Montana Code Annotated §40-2-202. It reads:
“All the property of a married person owned before marriage and that acquired afterwards is that person's individual property. The married person may, without consent, agreement, and signature of the person's spouse, convey and transfer the person's individual property, real or personal, including the fee simple title to real property, or execute a power of attorney for the conveyance and transfer of property.”

Therefore you need not take consent from your wife to transfer your property to your friend.
 
 

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

It is not legally required for both spouses to be on the deed of a property. However, adding both names can provide certain benefits, such as shared ownership rights and protections. It also simplifies the transfer of property upon death, as the property may pass directly to the surviving spouse. Ultimately, the decision should consider personal circumstances and financial implications.