Divorce Leads To Property Dispute
Ask the Real Estate Lawyer: Real Estate Law Q&A
REM #LAW 711
By Ilyce R. Glink and Samuel J. Tamkin
Summary: A reader is in the process of getting
a divorce and wondering about the status of her home. Her husband quit claim
deeded it to her, but Ilyce and Sam explain that the divorce court will rule
Q: In 1986, my husband and I bought a home. After 32 years of marriage we have
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When my husband wanted to refinance again the property last year before our
separation, I didn’t want him to do it. So, I told him that I would only
refinance if he quitclaimed the property to me. Mind you he was having some
financial problems and really needed this refinance the loan to get a lower
Months later, he moved out and I went to record the deed. We might reconcile
in the future. But my question is whether the property is legally mine? And
if we divorce, would he have any rights to the house?
A: For all practical purposes, once the quitclaim deed was filed the home became
yours. But just because the home is yours doesn’t mean that your husband
may not have certain rights to the home. In a divorce, the court will have discretion
in determining which assets should be considered joint assets and which should
be considered assets of only one spouse.
If you had inherited property from a parent and kept that property separate
from your other assets, generally that type of an asset will be excluded from
the marriage and at the time assets are spit up, the inherited assets would
Certainly there are many scenarios and different things can and do happen.
In your case, you and your husband bought a home twenty years ago and it is
now yours, but in a divorce, the judge may consider the home as part of the
assets in the marriage. Your husband does not live in the home and transferred
title to you, but in deciding what money and property you should keep and what
money and property your husband should keep, the home may be a factor.
After thirty-two years, it would be great if you and your husband could work
things out. For more details on assets in a divorce, talk to an attorney.
Samuel J. Tamkin is a Chicago-based real estate attorney. Ilyce
R. Glink’s latest book is 50 Simple Steps You Can Take To Sell Your
Home Faster and For More Money In Any Market. If you have questions for
them, write: Real Estate Matters Syndicate, PO Box 366, Glencoe, IL 60022
or contact them through Ilyce’s website www.thinkglink.com