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My spouse and I have been married 30 years, separated for

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nearly 8, not legally. We...
My spouse and I have been married 30 years, separated for nearly 8, not legally. We bought our home while we were married and both of our names were on the deed, A few years ago he had me sign papers. I was unaware of what I was signing, I was under the influence of alcohol and have a witness, apparently these papers were to change the deed to only his name as a "trustee". He also had these papers notarized without my being present, which is illegal in the state of Delaware. I believe it his intent to keep me from getting any money when our home is sold and putting the profits into a trust fund for our 4 children, 1 of whom is a minor. Can he do this
Submitted: 1 year ago.Category: Real Estate Law
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8/25/2016
Real Estate Lawyer: Maverick, Lawyer replied 1 year ago
Maverick
Maverick, Lawyer
Category: Real Estate Law
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Welcome! My name is***** give me a few minutes to analyze and/or research your inquiry and I will be back.

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Real Estate Lawyer: Maverick, Lawyer replied 1 year ago

Using this law you can file a declaratory judgment action against him to have the papers you signed rendered null and void and for the deed to be placed back into your and his name; as it was just before you signed. Intoxication may serve as a basis to render a contract voidable. Also, you can file a complaint against the notary here and use that as an additional basis to void the transfer.

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Customer reply replied 1 year ago
Thank you. Next question, I have been in treatment for alcoholism several times during our separation and am now sober with a sponsor and active in Aa. I have had medical problems which has pevented me from holding a job for long. I'm very employable have a BS degree and a careeer in hr, but in these part 8 years have only worked menial jobs. We have a joint bank account that he has been putting money into to help me get by since we separated. He makes a 6 figure income I have no savings and our lifestyle while we were married was close to extravagant, but we spent and invested wisely.My question is this, Is the money be has been putting in our joint account considered a gift, or could it be used against the alimony I would receive? For the 8 years we have been separated, He has been the sole caregiver of our 4 children, have put them all through private school 1 through college and 1 approaching high school and has paid all housing, mortgage, taxes, etc. When we were together, I worked and contributed much to these expenses and investments. While together, we also made many stock investments. Please answer thank you
Customer reply replied 1 year ago
Did you receive my last question?
Real Estate Lawyer: Maverick, Lawyer replied 1 year ago

Until there is a legal separation, the money that he has been putting into your account is going to be considered marital property. Delaware law includes a strong presumption that all property a couple acquires during marriage is marital property, regardless of whether one spouse holds title to the property individually or both hold title in some form of co-ownership.

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Customer reply replied 1 year ago
Again thank you.. Is there any benefit to the one who actually files the papers? In other words being the plaintiff rather than the defendant
Customer reply replied 1 year ago
One more, talking about stocks and investments here, since we are not legally separated and have been married for 30 years, will any investments he has made on his own in his name still be considered marital property? He also put our investments and stocks in a trust fund for our children. Can he keep me from that money, which is quite a lot?
Customer reply replied 1 year ago
Will you respond?
Customer reply replied 1 year ago
Still waiting for a response please
Real Estate Lawyer: Attyadvisor, Attorney replied 1 year ago
Attyadvisor
Attyadvisor, Attorney
Category: Real Estate Law
Satisfied Customers: 7,405
Experience: 29 years of experience in General Practice, Real Estate Law and Estate Law.
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I am a different Attorney as the Attorney you were working with opted out and decided not to assist you further. There is no legal advantage of being the person to file first.

One more, talking about stocks and investments here, since we are not legally separated and have been married for 30 years, will any investments he has made on his own in his name still be considered marital property? He also put our investments and stocks in a trust fund for our children. Can he keep me from that money, which is quite a lot?

If he used "marital fund" money acquired during the marriage they will be considered marital property.

You may find this information helpful:

"In Delaware, the court generally accepts a fair and reasonable property division the parties agree to, but if the parties cannot agree, the Family Court divides the property within the Judgment of Divorce.

Delaware is an equitable distribution state. It uses the dual classification model, and the appreciation of separate property is separate. Equitable does not mean equal, or even half, but rather what the Family Court considers fair.

The Delaware property division law insures an equitable distribution to each spouse. When the parties are unable to reach a settlement, the Family Court does it for them after considering a number of factors. Delaware marital property is divided under the considerations of 13 Del. C. Section 1513(a) but the court enjoys latitude when dividing property. Equitable distribution means that property the spouses acquired before a marriage usually is not subject to distribution. The only property that comes into the court's distribution is that which is legally classified as property of the marriage under 13 Del. C. Section1513(b).

Factors in Equitable Distribution

In dividing marital property the court considers all relevant factors including:

  • the duration of the marriage;
  • any prior marriage of the party;
  • the age, health, station, amount and sources of income, vocational skills, employability, estate, liabilities and needs of each of the parties;
  • whether the property award is in lieu of or in addition to alimony;
  • the opportunity of each for future acquisitions of capital assets and income;
  • the contribution or dissipation of each party in the acquisition, preservation, depreciation or appreciation of the marital property, including the contribution of a party as homemaker, husband, or wife;
  • the value of the property set apart to each party;
  • the economic circumstances of each party at the time the division of property is to become effective, including the desirability of awarding the family home or the right to live therein for reasonable periods to the party with whom any children of the marriage will live;
  • whether the property was acquired by gift;
  • the debts of the parties; and
  • tax consequences.

Marital misconduct is not a factor in the distribution of marital property.

The terms and conditions of property division are in the Delaware Code - Title 13 - Chapters: 1504, 1513.

Marital Property vs. Separate Property

Delaware marital property includes assets acquired during a marriage as well as separate items that are brought into a marriage and converted into marital property. Under 13 Del. C. Section 1513(c), the court presumes that all property acquired during a marriage is marital property regardless of title, whether individual or joint.

Property is separate if one spouse owned it before marriage or acquired it during marriage by inheritance or gift. Gifts from one spouse to the other are marital. The spouse who claims sole ownership must produce proof of sole title and sole maintenance, such as a gift tax return or a notarized document executed before, or at the same time as, the transfer. Separate property also includes items purchased with or exchanged for property one spouse acquired before marriage. Appreciation remains separate. A couple may use a prenuptial agreement to exclude property from equitable distribution.

Marital and separate property can become commingled – mixed together. Some couples combine their separate assets intentionally; sometimes it happens because of simply not paying attention. A premarital bank account owned by the husband can become marital property if the wife makes deposits to it, or a house owned by one partner alone can become partially marital property if both spouses pay the mortgage and other expenses.

When the spouses cannot unravel commingled property, the court decides who should receive how much, but these problems can become tricky.

Non-marital property is property that each spouse had before the marriage as well as property exempt under 13 Del. C. Section 1513(b).

Property Defined

Property is either marital or separate, but property in a divorce means “all property acquired by either party subsequent to the marriage except” exempted property, which is separate. Some financial assets, such as retirement accounts, can be very difficult to evaluate and require the assistance of a financial professional, such as a CPA or an actuary.

Valuing and Dividing Property

First, the court goes through a discovery process classifying property, separate or marital, and placing a value on all property and debt. Finally, it distributes the marital assets between the two parties in an equitable fashion.

Spouses can divide assets by assigning certain items to each spouse, possibly with an equalizing payment if one spouse gets substantially more than the other, or by selling property and dividing the proceeds. They can also agree to continue to own property together. While many people aren't thrilled about this, as it requires an ongoing relationship related to something other than the kids, some couples agree to keep the family home until children are out of school. Others may keep investment property hoping it will increase in value.

The couple - or the court - must also assign all debt accrued during the marriage, including mortgages, car loans and credit card debts, to one of the spouses.

The Marital Home

Spouses can:

  • sell the house and divide the equity, which is the amount left after satisfying the mortgage;
  • agree to a buy out, where one spouse sells his or her half of the equity and the other becomes sole owner of the property; or
  • continue to own the house together. The third option does not appeal to many because it requires continuing contact, but some couples agree to keep the family home until children are out of school.

Pensions and Retirement Accounts

In Delaware, vested pensions are marital property. A pension vests when all the requirements to receive the pension have been met. Unvested pensions are also marital property. Until the pension has vested, the person under whom the pension is maintained has only an expectancy of interest in the pension.

Several different methods of valuation are used in determining how much a marital asset is worth, depending upon the asset to be valued and the level of agreement between the parties. Courts generally accept the value when the spouses mutually agree on a value of a particular asset. Experts may be retained by the parties or by the courts to determine the value of marital assets if the parties cannot agree. Such experts may include accountants, real estate or business appraisers, or pension valuators. The use of experts adds to the cost of the divorce." http://In Delaware, the court generally accepts a fair and reasonable property division the parties agree to, but if the parties cannot agree, the Family Court divides the property within the Judgment of Divorce.

Please do not hesitate to ask me any additional questions that you may have with regard to this matter. It would be my pleasure to continue to assist you.

If you would be kind enough to rate my service positively so I will receive credit for my wok I would appreciate. You do not need to provide a negative to obtain a refund. Thank you for your consideration.

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Real Estate Lawyer: Attyadvisor, Attorney replied 1 year ago

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