Tuesday, November 13, 2007

query: what does non-vested spouse mean

It means that the spouse is not a deeded owner of the property. For instance, John Smith buys property as a single man, then later marries. His spouse may have marital rights, depending on state law, but she is not vested in title - her name is not on the deed.

1 comment:

Diane Cipa said...

So, conversely, being vested means that person is named on the deed as an owner.