Q: I purchased a family home..How can I protect this investment in the event i get divorced
I am separated and purchased a home in my family for 52 yrs...i would like it to stay in MY family.....how can I ensure that he doesnt have rights to it if something should happen to me
A: There are numerous conveyance methods to keep the improved real property in your Family's ownership. You did not give enough information about your Family members or exactly who you wanted to have the property at your death. Of course should others have an interest in the property, present or future, they must also convey their interests in the event you sell it. A Life Estate/ Remainder Deed or even a Class Gift might work well for you. You need a competent attorney who can draft such a future interest deed and knows something about asset protection. Do not use a Title Company.
A: There are numerous conveyance methods to keep the improved real property in your Family's ownership. You did not give enough information about your Family members or exactly who you wanted to have the property at your death. Of course should others have an interest in the property, present or future, they must also convey their interests in the event you sell it. A Life Estate/ Remainder Deed or even a Class Gift might work well for you. You need a competent attorney who can draft such a future interest deed and knows something about asset protection. Do not use a Title Company, real estate agent, or draft it yourself. A title search would probably help, but your attorney does not need to be local. Also do not get into a domestic violence situation where the Husband could push you out of your own home.
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.