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

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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?
 
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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.
 
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packers

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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
 
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Niicss



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Location: New Jersey


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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.

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