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should the couple divorce, the purchase is considered pre marital and each would be entitled to 50 percent. If purchased during marriage the spouse with less funds may recover more. To the extent any costs relating to the purchase, mortgage will be taken as a tax deduction, filing jointly tends to have an advantage as a married couple.
Reports to both, but may get a better benefit filing jointly married, and can adjust once married.
If before marriage tenants in common, can then adjust
adjust as far as filing jointly and retitle with right of survivorship on being married.
The law would recognize the survivorship where married when one passed, but always better to have the title cleaned up.
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Perhaps to protect the 50 percent as a pre marital asset in case of divorce.