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My Parents Loaned Us the Down Payment for Our House. Are They Protected if We Divorce?

divorce-down-paymentAnswer:

Yes, but only if you and your spouse have made monthly or regular payments toward repayment of the loan.

If you haven’t, the money your parents gave you will be deemed to be a gift and your spouse will not have to repay his or her share.

   

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For More Information:

We welcome hearing from you and we invite your questions. There is no obligation. No one will ever know that we spoke or what we discussed. Everything you say is privileged, confidential, and completely classified. We do not maintain a mailing list and will not contact you unless you ask us to.

Calling us is easy. Ask for Richard or Kari (Oak Brook 630-928-0600), or email us at rk@illinoislegal.com or kc@illinoislegal.com.

If we are in court or in a meeting when you call, one of us will personally get back to you as quickly as possible. We are extremely discreet with callbacks and reply emails. Just leave your name and a secure email address or personal cell phone number.

Richard and Kari are staunch advocates of the non-court approach to divorce, and are also active and seasoned litigators with over 60 years of combined trial experience in the Illinois divorce courts of Cook, DuPage, and Will counties.

OAK BROOK

1 S 660 Midwest Road Suite 320 Oakbrook Terrace, IL 60181

630.928.0600

630.928.0670

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Informal. No-Hassle. No-Pressure.

Stop In and tell us what's on your mind!

We have lots of understanding and lots of coffee (or water).

Call 630-928-0600 to book your initial office consultation.

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