Q: Hi, I'm 60 years old. My wife is 72 & owns the house we live in. She wants to put my name on the house before we sell
Will that be a problem if we move to Calif.? We're going to buy something less expensive. Isn't there a law about buying something more expensive with real estate up to a certain age? Thanks...
A:
She needs to a lawyer to get a deed drafted putting your name on the title. This is not something you should try on your own.
Talk to a CPA or a tax lawyer about the consequences of selling the home and buying a less expensive one, regardless of whether it is in just your wife's name or both names. That can be a complicated question not easily answered without more facts, and you want to be sure you get it right.
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.
