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Can a court consider gifts or past payments in co-owned property? | NC

Pierce Law Group

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Q: Can the court consider gifts, past payments, or other financial support when deciding how to divide or sell co-owned property? A: Yes... but usually only if those payments are directly tied to the property itself. The court starts with the ownership shown by the deed. Then it may adjust the outcome for things like property taxes, insurance, loan payments used to acquire the property, repairs,…

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