Interspousal transfer of real property

Author Message
Icon Mini Profile richv928




Joined: 03 Aug 2008

Posts: 1

1.60 Dollars($)
PostPosted: Sun Aug 03, 2008 2:29 pm    Post subject: Interspousal transfer of real property

My wife and I reside in different states. We have property in each, separately maintaining each. She needs to take care of her Mom in the other property.

We are considering mutual interspousal transfers of real property. She's retired, whereas I have several more years to go before that. Upon potential sale of both properties we could recombine profits and purchase one home after her Mom passes.
Icon Mini Profile adonis
adonis



Joined: 22 Oct 2005



Posts: 3852
Location: ALASKA
120.89 Dollars($)
PostPosted: Sun Aug 03, 2008 10:12 pm    Post subject:

Welcome Richv,

The transfer looks ok to me, so just in case you're sure you want to do that consult an attorney for any legal complications you may not be aware of.

_________________
Procrastination is the enemy of your financial sucess
Icon Mini Profile jerry
jerry
Moderator


Joined: 17 Oct 2005



Posts: 1778
Location: MICHIGAN
266.05 Dollars($)
PostPosted: Mon Aug 04, 2008 1:24 pm    Post subject: RE: mutual interspousal transfer

Hi Richv,

You can go for the interspousal transfer but make sure that you record the deeds in the states where the properties are located.

Thanks,

Jerry
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