Meant "informally" just in the sense that it was not a formal legal Separation.
I'm no lawyer and I know things can vary by state, etc, but for reference in my sitch I had a somewhat related marital property issue I checked on when I had a free lawyer consult.
My car is actually in my wife's name because when we bought it she was able to get a slightly better interest rate. In my case, L said it didn't matter and it still counted as marital property legally, regardless of who's name was on it.
I totally understand the desire to not let things get nasty, and I'm in the same place right now, but for what it's worth I am very glad I ended up doing the consult. I got a number of questions answered and had a lot better grasp of what the potential ramifications of things could be, and even learned of a couple options I wasn't aware existed. Not knowing for sure was causing me a lot more angst than I had realized.
Right. I know for sure that she would be entitled to 1/2 the equity. L friend told me that. What I don't know is if that's the case after having left and got another mortgage on her own accord. That, I am not sure on, espcially since she is not on the mortgage.
But yea, we aren't there and hopefully never get there. But I'm not a fool and will have my bases covered.
