If you owned a home before marriage, your spouse is entitled to some funds.
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What happens to your residence when you get married? It is not uncommon for one spouse to move in with the other who owned a property before the marriage.
In this situation, if you don’t add your spouse to the title, the home will stay yours. However, should you get divorced, your spouse is entitled to 50% of the principal paydown that you paid during the marriage. They’re also entitled to a portion of the interest if your house gains equity. If you add your spouse to the title, they’ll have an interest in the residence until the divorce goes through.
Whichever path you choose, your spouse has rights to certain funds pertaining to the home.
If you own a home, you have two options
when you get married.
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