d2njti
member
Reged: 03/05/08
Posts: 187
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Re: Does ex have rights to property
10/22/10 06:44 PM
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Stop gifting properties. It has very bad tax consequences and complicates ownership and liability. What if one of your sisters has an accident that exceeds her insurance limits? The resulting law suit goes straight to the property in her name. Parents and whomever else thinks they have a right to that house are out of luck. That being said: P#1 is off the table. It's inheritance and gifted away to to sis. No way to touch it. P#2 & #3 probably the same since you don't own them. It's possible to argue that it was at one time marital property that you dissipated, but it's a bit of a stretch. P#4 is marital property. She gets 50% of the equity.
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