World's Largest Mortgage Community

Interspousal transfer of real property

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
richv928 Joined: 03 Aug 2008 Posts: 1 1.60 Dollars($)	Posted: Sun Aug 03, 2008 2:29 pm    Post subject: Interspousal transfer of real property My wife and I reside in different states. We have property in each, separately maintaining each. She needs to take care of her Mom in the other property. We are considering mutual interspousal transfers of real property. She's retired, whereas I have several more years to go before that. Upon potential sale of both properties we could recombine profits and purchase one home after her Mom passes.
adonis Joined: 22 Oct 2005 Posts: 3852 Location: ALASKA 120.89 Dollars($)	Posted: 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
jerry Moderator Joined: 17 Oct 2005 Posts: 1778 Location: MICHIGAN 266.05 Dollars($)	Posted: 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

---

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