Skip to main content

How to exclude spouse from property ownership in community state (CA)?

Hi, looking for advice here.

I am married in CA and am about to close on my first investment property (located in Texas) in 2 days. I’m buying the house entirely on my own and I am the only one on the mortgage. My husband has no interest in ownership of the house. Our marriage has been rocky so divorce in the future is not unlikely.

I know CA is a community property state, meaning he will be entitled to half of the house in case of divorce, so I would like to get advice on what I can do to protect this asset. My husband has already agreed to sign off on the house and grant me sole ownership, so it is just a matter of figuring out the legal steps to do that.

I did some research and seems like a quitclaim deed is what I need? Does anyone have experience/advice on that? The notary is coming in 2 days to finalize closing, so is that a good time to also get the quitclaim notarized or should I wait until the house is officially in our title to start the quitclaim process?

submitted by /u/Think-Let8812
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/185s13r/how_to_exclude_spouse_from_property_ownership_in/

Comments

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...

Looking for Prospective Opportunities to Utilize Floor Plan Redraw Skills

"Hey HomeOwners & Investors , I have a team of 10 professionals who are trained in redrawing/redesign floor plans in both 2D and 3D interior& exterior using floorplanner.com/3ds Max and TruView point cloud. We're looking for prospective opportunities to utilize our skills. Are there any companies or individuals in need of accurate floor plans and measurement reports ? Any suggestions for where to start looking? Thanks in advance for your help!" submitted by /u/mangojuicelife [link] [comments] source https://www.reddit.com/r/RealEstate/comments/119uoh0/looking_for_prospective_opportunities_to_utilize/

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/