Posted: Mon Dec 01, 2008 2:07 pm Post subject: My wife wants me to sign the house over to her
Hello, I live in the State of Ohio. My wife and I own a house together that is worth approx. $300K. It is paid for. We want to put the house in her name only, since I own a corporation, and we want to protect the house if I would ever be named personally in a lawsuit against my company.
My question is, would I have any rights to this asset if I signed it over to my wife because of the fact that we're still married?
We're not having marital problems, so part of me thinks that this arrangement shouldn't even be an issue. But it also makes nervous to be living in a house I would have no legal right to.
You can quitclaim the property to your wife but if you want to retain some rights to the property, then you can add a life estate clause in the quitclaim deed. This will give you the right to live in the property until death. _________________ Procrastination is the enemy of your financial sucess
dee Guest
Posted: Tue Apr 14, 2009 3:17 pm Post subject: assets
Hi, I would like to know how i can give up all rights to pension,retirement accounts ,stocks. I am married and money is always a fight. I hope to build trust in spouse by him not being responsible for any debt i may incure. we would pay seperate bills ect.
As far as your assets are concerned, you'll have to divide it amongst yourselves. You can decide which of the assets you wish to keep in your name and accordingly take the decision. As far as stocks, accounts and pension is considered, I would suggest you to contact an attorney and take his opinion in this regard.
kcorp
