Can I give my wife our house in a divorce settlement .

Author Message
Guest








PostPosted: Wed Dec 03, 2008 9:38 am    Post subject: Can I give my wife our house in a divorce settlement .

I am involved in a accident lawsuit. We will be divorced long before the suit ends. Can they go after her house if there is an excess judgment?
Guest








PostPosted: Wed Dec 03, 2008 11:22 pm    Post subject:

If your wife gets the property as a part of the divorce decree, then I don't think the creditors will go after her house for the excess judgment. But if the accident lawsuit ends before the divorce settlement, then the creditors can go after the property for excess judgment.
packers

Guest






PostPosted: Thu Dec 04, 2008 12:50 am    Post subject: deed

me and my husband are separated,both are names are on the deed,can i remove my name and put my sons
Icon Mini Profile Niicss
Niicss



Joined: 03 Oct 2005

Posts: 2620
Location: New Jersey
409.63 Dollars($)
PostPosted: Thu Dec 04, 2008 2:53 am    Post subject:

Hi packers

Yes, you can sign a quitclaim deed in your son's name and transfer the property to him. Once you sign the quitclaim deed, you will need to notarize it and record it at the county recorder's office.

Sample quitclaim deed forms are available online but if you want you can even draft it from an attorney.

Thanks.

_________________
Good is the Enemy of Great.
Quick Reply
Your Name
Subject
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Ask Questions
Community Attorney
Joshua Heard - Attorney Joshua Heard
Houston, Texas






Highlights
Helpful References
Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Our Community
MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards
Five simple ways to earn money with the Mortgage Community.

New and upcoming tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool






DebtConsolidationCare    Insurance community: We Make You Insurance Smart    CreditMagic: Helping you build up credit


We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0