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how does quit claim affects being a legal wife?

Posted on: 02nd Mar, 2007 11:34 pm
My husband is purchasing a property by himself. He asked me to sign quit claim since he is buying the property with a business partner. How does it affect me as legal wife?
May be your husband wants you to sign the deed so that he can transfer your interest in property to his business partner. So, legally you will not be owning your part of property.
Posted on: 03rd Mar, 2007 09:22 pm
Ids,

Your husband must have thought of adding the business partner's name on the deed.

Perhaps he wants you to transfer a certain part of your property to the partner. That is why he wants you to sign on the deed.

Anyway, it is better if you talk to your husband on this issue and find out exactly what he wants.
Posted on: 04th Mar, 2007 10:05 pm
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