Legal Question in Real Estate Law in Georgia
quit claims in Georgia
My partner and I have been together for about 20 years. He has epilepsy and recently was hurt during a seizure. He has many hospital bills, as well as student loan payments. He has no source of income now. The house we live in is paid for and the deed is in both our names, however we use my social-security number for IRS purposes. I'm wondering if the house may be in jeopardy if his bills cannot be met. Would it be a good idea to do a quit claim and remove his name from the deed. Thanks for any help you may offer.
dnash
1 Answer from Attorneys
Re: quit claims in Georgia
That is always an option; however, you may be committing fraud if you hide assets from creditors. So I would be careful about trying to hide the house.
If you would like to discuss any issues further, please feel free to contact my office. My contact information is below. Thank you.
The foregoing is general information only, not specific legal advice. No attorney/client relation has been created or should be implied.
Glenn M. Lyon, Esq
MacGregor Lyon, LLC
Promenade II
1230 Peachtree Street NE
Suite 1900
Atlanta Georgia 30309
Phone 404.942.3545
Fax 404.795.0993
www.macgregorlyon.com
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