Legal Question in Family Law in California
family law-transmutation reimbursements
If a spouse holds separate real property, but wished to ''sell'' her equity to her husband, can she expect to be reimbursed once the real property is sold? The only notation of value exchanged is documented by the ''transfer tax'' on the deed which is calculated by the ''valuable consideration deeded to grantee''.
Asked on 4/09/09, 11:05 am
1 Answer from Attorneys
Lyle Johnson
Bedi and Johnson Attorneys at Law
Re: family law-transmutation reimbursements
I don't understand your question. But any transaction should be in writing and should clearly set out the terms and conditions of the transaction. Using the services of an attorney to prepare the agreement.
Answered on 4/11/09, 1:08 am