Legal question???

[Glenn Wilkins]

If you are separated but still legally married. Will that effect you legally when you are attempting to buy and sell property?

[Allen Fletcher]

@Glenn Wilkins

It depends on your state's property laws. In some states any property purchased by either spouse is considered 50% owned by both spouses. Talk with financial planner, CPA, or lawyer they can tell you what the property ownership laws are for your state. This means if you were to buy an investment property your spouse would have legal claim to half the property and that could cause problems especially if spousal relations are poor. There are ways around this, but you have to make sure you go about it legally and properly.

Hope this helps,

Allen Fletcher