Who Bought Turkey Hill Dairy?

The Turkey Hill Dairy business will soon be under Texas-based ownership, according to a Tuesday announcement that the iconic regional brand has been sold. Then, officials at The Kroger Co., its current owner, announced that they have reached an agreement to sell Turkey Hill to Peak Rock Capital, an Austin, Texas-based private equity firm.

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Secondly,What happens when a married couple buys a home?

Spouses can “comingle” their separate property into community property at any time by transferring the home into both names jointly. When a lender makes a home loan to a married couple, the spouses usually take joint ownership.

Additionally,Is the house in my name or my spouse’s?

This is a common question from my clients but the answer is not straightforward. When you are married it often does not matter whether a house, a pension or the a savings account is in your name, your spouse’s name, or both of your names, all these assets are known as “marital assets”.

Subsequently, one may also ask,Can you own a house if your name is not on the title?

Property inherited or gifted to one spouse also remains separate property. If your name is not on your home’s title for these reasons, you would not own the home; neither would you be held responsible for loan repayment or any other lien placed on the property, even if it resulted in foreclosure.

What happens if only one spouse owns the House?

If it is intended that only one spouse owns the home, the other spouse would have to relinquish rights with a quit claim deed and Preliminary Change of Ownership form. A borrower who is neither on title or obligated on the loan does not have the right to sell or refinance the property. Real estate owned prior to marriage remains separate property.

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