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goheendr · Joined: 14 Mar 2010 Posts: 1 1.37 Dollars($)

My ex and I have specific wording in our MSA that says when she sells the property, I get a portion of the net proceeds. If I quit claim deed to her, does that affect our MSA? Assuming I quit claim deed, do I need to seek immediate financial compensation representing my portion of the would-be sale, since I'm transferring title/ownership? We still have the property in both our names, with my name being primary on note. She has sole use and possession of property. MSA says property must be sold by daughter's 18th bday (5 years away).
How do I protect myself and my wife (I've remarried), by making sure I recieve what I'm supposed to receive? I've since purchased another home with my current wife. We're in Florida, if that helps. thank you.

jameshogg · Posted: Sun Mar 14, 2010 9:29 pm Post subject:

Hi goheendr,

If you transfer your share of the property to your ex, then she would become the sole owner of the property. Thus, she may not give you the the proceeds from the sale of the property. If you sign the deed and transfer the property, then you should ask for immediate financial compensation from your ex. This will help you in protecting your interest.

Thanks

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Ex wants me to sign, what do I give up?