Posted on: 02nd Sep, 2008 01:56 pm
my wife and i purchased a house when we were married. now we are divorced and under our mutual agreement, i want to transfer my interest in the property solely to her. what should we do, quit claim deed or interspousal transer? also, would this be considered a gift for any tax purposes? would there be any taxes or fees other than regular property taxes and paperwork fees?
Hello and welcome to the forum. A quit claim deed will remove your name. I am not familiar with an interspousal transfer, so I don't know what that entails. I can't help you on the tax questions, I think you should talk to a CPA. Good luck.
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