If you bring property into the marriage or inherit property during
the marriage and want it to remain yours, keep it clearly separate or
keep very good records of how its used, otherwise it will become marital
property to be divided with your spouse should you divorce. Staying with this hypothetical situation, the house may or may not be
a total marital asset, it depends on the character of your parents gift
for the the down payment. Typically parents give money to the happy
couple, but when the happy couple gets divorced, the parents sometimes
remember they really gave this money to their child alone. Often the only proof of the parents intent is to whom they wrote the
check. If they wrote it to both of you, their gift will be considered a
gift to both of you and the entire house is a marital asset. I practice primarily in the area of family law divorce, child custody, child support, enforcements, contempt, modifications,paternity suits, visitation, adoptions, grandparent’s rights, name changes, protective orders and spousal support or alimony. Arthur Augustine My Google Profile San Antonio Divorce Attorney Arthur G. Augustine, Board Certified - Texas Board of Legal Specialization "I practice law differently. While I agree that results drive my
business, building relationships with my clients and providing
value-added service is the key to my success." Arthur G. Augustine
Located at
3107 Broadway,
San Antonio ,
TX .
Phone: 210-299-4777
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San Antonio Family Attorney Arthur Augustine