Legal Question in Real Estate Law in California
Interspousal Transfer Deed
I am married, about to start a divorce and looking to buy a home in my name only and with my own income. I am in California and being that my divorce is not yet final and won't be for a little while, will the Interspousal Transfer Deed help to assure that my now husband will not have any rights or be able to claim half of my property that I am purchasing? I have read so many cases regarding this issue where signing this deed has not actually served this purpose and the other spouse still has rights to the property because no matter what, in California, the property is still considered Community property. Any information on this would be helpful.
2 Answers from Attorneys
Re: Interspousal Transfer Deed
This is premature. That type of deed is usually used after the divorce has been adjudicated and separate property rights determined. Contact me directly.
Re: Interspousal Transfer Deed
You need to consult with your family law attorney. Is the money you are using for a down payment clearly your separate property? Have you separated legally, or is the divorce proceeding filed and pending? The deed only eliminates his interest at the time it is signed. If, thereafer, you use anything that could be characterized as "community property" to support that property (income, assets, etc...) then he can make a claim to have regained an interest in the property. This can also be resolved, however, by a second deed signed by him as a part of your divorce settlement at such time as it is entered and final. That would be a condition of the divorce settlement. Your divorce attorney is going to be much better equipped (with knowledge of the specific facts of your divorce) to answer this question.
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