Full question:
My wife and I have been separated for the past two weeks. We bought a house about 9 months ago and the house is in my name. Should we get a divorce will I be able to keep the house?
- Category: Divorce
- Subcategory: Property Settlements
- Date:
- State: Indiana
Answer:
According to Indiana law, your wife would be at least entitled to one half of the equity acquired in the house since the date of purchase. Sometimes this is difficult to figure. It will require an appraiser's assistance. However, generally, if the equity in the house has increased since its purchase, she would be entitled to 1/2 of it at the time of divorce. Thus, if the house was worth $50,000.00 when it was purchased, and it is worth $75,000.00 now, your wife would normally be entitled to receive approximately $12,500.00. It is doubtful that a judge would award your wife the house since her name is not on its title.
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.
