Real Estate Law
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Pamela...there is no law against what you and your husband want to do. But, what you are really doing here is partitioning marital assets where he gets the house as his sole and separate property and you get cash as your sole and separate property. There is no tax consequence to this transaction. You simply sign a partition agreement separating your interest in the house and the cash, sign a quit claim deed transferring you interest in the house to your husband as his sole and separate property and putting the cash into a bank account under your name as your sole and separate property.
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