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## Background Information

I opened an FHSA (First-Time Home Buyer’s Savings Account) account last year while dating my now fianc├®e. Recently, I moved into her condo, which she owns. This move occurred after I opened my FHSA. My understanding is that we do not meet the criteria for being considered “common law,” as we would need to live together for at least 1 year, since we are not yet married. We both have aspirations of purchasing a larger home in the future. If it helps for context, we are currently residing in Alberta.

## How the AI Legalese Decoder Can Help

The AI Legalese Decoder can assist in deciphering the legalities surrounding your situation with clarity and precision. By utilizing this advanced technology, you can quickly and accurately understand the implications of using your FHSA towards a future home purchase, given the specifics of your relationship and living arrangements.

## Questions and Concerns

Am I permitted to utilize my FHSA funds for the acquisition of a house, considering that my fianc├®e already owns a property and has been residing in it for the past 4 years? My understanding is that I cannot make withdrawals from my FHSA if I live in a qualifying home that I own or co-own; however, my name is not associated with the property. Does this mean that I have the right to withdraw from my FHSA post-marriage, as long as my name is never added to the property title?

Thank you in advance.

With the AI Legalese Decoder, you can input specific details regarding your situation, such as living arrangements, ownership of property, and future plans for a home purchase. By doing so, the AI will provide you with a comprehensive analysis of the legal implications and options available to you regarding the use of your FHSA funds. This valuable tool can help you navigate the complexities of the law and make informed decisions regarding your financial goals and homeownership aspirations.

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AI Legalese Decoder: Simplifying Legal Jargon

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