Is my wife's consent needed to transfer property 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, property acquired in one spouse's name after marriage is considered separate property. According to Montana law (Montana Code Annotated § 40-2-202), a married person can convey or transfer their individual property without needing consent from their spouse. This includes both real and personal property. Therefore, you do not need your wife's consent 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.