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Subject:
california family law recent rulings regarding interspousal property transfers
Category: Family and Home Asked by: justice4jackie-ga List Price: $75.00 |
Posted:
22 Nov 2005 05:44 PST
Expires: 22 Dec 2005 05:44 PST Question ID: 596176 |
History: I inherited property (in 1987) prior to marriage (1991). Later (in 1992) I discovered that my bad credit history prevented my spouse and me to qualify for a conventional loan to purchase our own home. I deeded my property to him as separate property as instructed by escrow instructions to clear the title and close the loan. Except the transfer was not deeded as a "gift between spouses" rather as a "valuable consideration" and the appropriate transfer tax was paid and recorded on the deed of transfer. I was nevered compensated for the "valuable consideration"...can I demand payment or is the deed voidable? Summary: I am in the midst of an ugly divorce in which I am being told that I "gifted" the property to my spouse and I am not entitled to compensation. No discussion of the transfer tax comes up and no acknowledgement that there was a "VALUABLE CONSIDERATION" set by paying the transfer tax. A recent ruling (Oct. 2005-marriage of matthews) was shoved under my nose to read that would be used to argue against my plea for compensation. If the evidentuary statute is the deed itself, then shouldn't we look at how the deed is "valued"...i. e. the transfer tax codes?? | |
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