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Do I get anything from sale if I signed interspousal deed?

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DavidDavidDavid Guest	Posted: Mon Jul 13, 2009 5:11 pm    Post subject: Do I get anything from sale if I signed interspousal deed? Like 0 Dislike 0 We live in California - my wife had me sign an Interspousal Transfer Deed - we are now seperated and she sold the home - does this mean that I cannot get anything from that sale?
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Mon Jul 13, 2009 7:32 pm    Post subject: Like 0 Dislike 0 Hi David! Welcome to forums! As you've signed the inter-spousal transfer deed in your wife's favor, the property becomes your wife's separate property. After separation, if your wife has sold the property, you are not entitled to get anything from the sale proceeds. Feel free to ask if you've further queries. Sussane
Dee Guest	Posted: Mon Sep 07, 2009 6:07 am    Post subject: interspousal transfer deed Like 0 Dislike 0 My mother is providing 25% of the cash to help my husband and me purchase our first house. How can I be sure, in the event of divorce, that I receive 25% of sale price before the 50/50 division of remaining money received from sale?
adonis Joined: 22 Oct 2005 Posts: 10562 Location: ALASKA 1089.18 Dollars($)	Posted: Mon Sep 07, 2009 10:30 pm    Post subject: Like 0 Dislike 0 Welcome Dee, In my opinion, you will have to draft an agreement regarding this issue. Consult an attorney and he would help you in drafting the same. _________________ Procrastination is the enemy of your financial success

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