Posted on: 01st Dec, 2009 11:42 am
I have a friend who has two houses. They are both held in the name of she and her husband.
She wants to put the house she purchased before marriage, back into her name solely.
The pending issues are that 1) the couple are going to separate and 2) the husband may have to claim bankruptcy.
My advice is that she consults a real estate attorney to transfer the deed and insure that after transferring the deed it is not pulled back into bankruptcy court or divorce court, if things should come to that. Should she go ahead and may the transfer (husband is willing) or should she consult an attorney first?
She wants to put the house she purchased before marriage, back into her name solely.
The pending issues are that 1) the couple are going to separate and 2) the husband may have to claim bankruptcy.
My advice is that she consults a real estate attorney to transfer the deed and insure that after transferring the deed it is not pulled back into bankruptcy court or divorce court, if things should come to that. Should she go ahead and may the transfer (husband is willing) or should she consult an attorney first?
Check with attorney first.
I am not an attorney. I do believe transferring tile to hide or take out assets before a bk has a time frame where it does no good.
I am not an attorney. I do believe transferring tile to hide or take out assets before a bk has a time frame where it does no good.
She should contact the Attorney first.