I've been married 13 years and for the past year or so I've really been considering a divorce for the first time. I am extremely happy with most things in my life but my marriage has always just been lacking. I have three sons who I adore and they are young, so that is the primary reason I've stayed with my wife. The other reason is because of the financial hardship a divorce would certainly create. One question in particular is of interest to me and that is the home we live in.
It's a long story, but the home is owned outright, no mortgage. And what's particularly curious about the situation is that only my name and my mother's name is on the deed. My wife's name is not. About 9-10 years ago my mother moved out of the house that I am currently living in and is the subject of the discussion here. She wanted to downsize and me and my family (of two at the time) needed more space. So she bought a condo and turned the house over to me, at least put me on the deed, and we moved in. So my question is simply, what happens here? I'm wanting so seek legal advice on this matter but figured I'd ask here first if anyone knows. I'm not looking to just kick my wife out, I know it won't work like that and I wouldn't do it anyway. However, if a divorce actually happened, I'd want the house. We make very, very similar amounts of money annually. I made just over $60,000 last year and she made around $52,000.
Any advice or insight would be greatly appreciated.
It's a long story, but the home is owned outright, no mortgage. And what's particularly curious about the situation is that only my name and my mother's name is on the deed. My wife's name is not. About 9-10 years ago my mother moved out of the house that I am currently living in and is the subject of the discussion here. She wanted to downsize and me and my family (of two at the time) needed more space. So she bought a condo and turned the house over to me, at least put me on the deed, and we moved in. So my question is simply, what happens here? I'm wanting so seek legal advice on this matter but figured I'd ask here first if anyone knows. I'm not looking to just kick my wife out, I know it won't work like that and I wouldn't do it anyway. However, if a divorce actually happened, I'd want the house. We make very, very similar amounts of money annually. I made just over $60,000 last year and she made around $52,000.
Any advice or insight would be greatly appreciated.