Last week, I spoke to DNA Info reporter Nikhita Venugopal about the perils of home ownership for unmarried couples.
Real estate and legal experts regularly see unmarried couples buying property together — even asking family members to gift them money for the property in lieu of helping pay for a splashy wedding.
“It’s much easier to come up with terms you can agree on when the relationship is good, than when there is a breakup in the works,” said divorce attorney Morghan Richardson. In fact, without some planning and forethought, you could end up owning nothing.
Read the story:
Remember my biggest tip: if you were married but your name wasn’t on the deed, divorce laws would protect your right to the property, Richardson said. “If your name isn’t on the deed and you aren’t married, you technically own nothing,” she said.
Are you waiting to marry and invest in real estate? Discuss in the comments.