If I buy my husband out on our house, could he be awarded half the value in a divorce? 21 Answers as of September 26, 2011
My husband and I have been separated for over three years. He is behind on house payments and close to losing the house. My name is also on the loans. If I could buy him out, could he take it or be awarded half the value in a divorce?Free Case Evaluation by a Local Lawyer!
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Free Case Evaluation by a Local Lawyer: Click hereWarner Center Law Offices of Donald F. Conviser | Donald F. Conviser
If you do the buyout properly, i.e., entering intoa valid written Transmutation Agreement with your husband, for adequate consideration, you should be able to avoid the riskthat your husband might be awarded value for his interest in the house in a divorce. If you and your husband agree to terms for a buyout, you should engage the services of an experienced Family Law Attorney to represent you to draft the Transmutation Agreement, and you should insist that your husband engage the services of a separate attorney to counsel your husband and to sign a certificationattached to the Transmutation Agreement that he consulted with and advised your husband regarding that agreement.
Answer Applies to: California
Replied: 9/26/2011
Reeves Law Firm, P.C. | Roy L. Reeves
Yes and No, it depends on what documents are used. I would recommend a partition and exchange agreement.
Answer Applies to: Texas
Replied: 9/26/2011
Horizons Law Group, LLC | Michelle B. Fitzgerald
Potentially he could, yes, however, you could also both sign a short post-nup agreement that would state this is to be considered the buy-out, etc.
Answer Applies to: Wisconsin
Replied: 9/22/2011
Fox Law Firm LLC | Tina Fox
No, he couldn't. If you two agree that you are buying him, write up the proper paperwork and the judge will honor that during the final decree.
Answer Applies to: Illinois
Replied: 9/21/2011
The Law Office of Kem Eyo, LLC | Kem Eyo
If you reach an agreement with your husband regarding any portion of the dissolution of the marriage and marital estate (such as an agreement to buy your husband out of the house), that agreement can be enforced in the divorce decree.
Answer Applies to: Georgia
Replied: 9/21/2011
Patricia C. Van Haren, Attorney at Law | Patricia Van Haren
If you were to buy him out as a divorce settlement he would be receiving his 1/2 value of the home. You should contact a family law attorney to insure that any settlement agreement is worded correctly so that you receive all right title and interest in the home in exchange for your purchasing him out of his share of the home.
Answer Applies to: California
Replied: 9/20/2011
Ashman Law Office | Glen Edward Ashman
You need to already have hired a divorce lawyer. Do that now. Do not do anything without counsel.
Answer Applies to: Georgia
Replied: 9/20/2011
Law Office of Kathryn L. Hudson | Kathryn L. Hudson
What you could do is buy him out and have him quit claim his interest to you. You would want an agreement in writing that for the value he receives to quit claim the property, the property will no longer be considered a martial asset and not any part of a property settlement in divorce.
Answer Applies to: Arkansas
Replied: 9/20/2011
Cody and Gonillo, LLP | Christine Gonilla
Unless you agreed otherwise in writing all the assets are still subject to equitable distribution.
Answer Applies to: Connecticut
Replied: 9/20/2011
Joanna Mitchell & Associates, P.A. | Joanna Mitchell
You would need an agreement that was properly written to show what the intent is of you buying him out, and upon you buying him out, he would sign the agreement and sign a Quit Claim Deed for his interest in the property. Keep in mind though that the only way his name would come off of the mortgage is if you refinance. You may want to consult with an attorney and consider entering into a post nuptial agreement.
Answer Applies to: Florida
Replied: 9/20/2011
Law Office of James Lentz | James Lentz
Why not just get a divorce and deal with the house from there. Consult a domestic relations attorney before you do anything.
Answer Applies to: Ohio
Replied: 9/20/2011
Maclean Chung Law Firm | G. Thomas MacLean Jr.
If you buy him out of his interest in the house after separation and he quit claims the property to you, then he should not be able to claim half the value of the home from you since he already received it payment from it. You should have an attorney assist you to make sure he gives up his interest in the house when you buy him out.
Answer Applies to: California
Replied: 9/20/2011
Dunnings Law Firm | Steven Dunnings
Just file for a divorce and get it over.
Answer Applies to: Michigan
Replied: 9/20/2011
Gary Moore, Attorney at Law | Gary Moore
Not if you make the right agreement as to the distribution of the marital estate before you buy him out.
Answer Applies to: New Jersey
Replied: 9/20/2011
John E. Kirchner, Attorney at Law | John Kirchner
Theoretically he could do that if you don't carefully document what you are doing and why. It doesn't make a lot of sense to do what you are planning without going ahead and beginning the divorce process so that everything neatly handled in one proceeding that will avoid later disputes about who said what.
Answer Applies to: Colorado
Replied: 9/20/2011
Law Office of Rhonda Ellifritz | Rhonda Ellifritz
I would suggest you file for divorce and then make this deal part of the property division settlement. Otherwise, this becomes a big mess and a battle in court, which costs you extra attorney fees. Ultimately, even if the Court sees it your way, it would cost you. If you don't think you can afford the Court fees to file for dissolution, you could look into whether you qualify for a fee waiver.
Answer Applies to: California
Replied: 9/20/2011
The Davies Law Firm, P.A. | Robert F. Davies, Esq.
No. You seem a little unsure of what you want to happen. No, he cannot have you pay the money, then come walking in and take half of the house.
Answer Applies to: New Jersey
Replied: 9/20/2011
ROWE LAW FIRM | Jeffrey S. Wittenbrink
You need to structure any "buyout" with your husband carefully. You state that you have been separated-if no one has filed for a divorce then you still have community property. Money you earn is half his, and half he earns is yours. You should file for a divorce and terminate the community property prior to doing any "buyout" of the family home. If you have already been separated for three years, you could get divorced, with some cooperation, fairly quickly. Even without cooperation you could file for divorce and terminate the community fairly quickly, in which case any settlement of the family home would then be binding. You should contact an attorney in your jurisdiction right away.
Answer Applies to: Louisiana
Replied: 9/20/2011
Law Office of Michael W. Bugni | Jay W. Neff
I would think that could be a potential risk if you don't correctly handle buying your spouse out of the house. I would think that the safest thing to do would be to make the agreement to buy him out of the house part of a global property settlement agreement. A properly prepared and agreed to property settlement agreement should protect you from the risk you mentioned.
Answer Applies to: Washington
Replied: 9/20/2011
Michael Apicella | Apicella Law and Mediation
No, not if you include as part of the agreement (per your buyout proposal) that husband sign a quit claim deed, thereby relinquishing any and all interest he may have in the home. If you have a valuable asset at stake, such as your home, it would be wise to hire an experienced family law lawyer to help you.
Answer Applies to: California
Replied: 9/20/2011
Law Office of Cassandra Savoy | Cassandra Savoy
You are jointly and severable liable on the mortgage any way. In point of fact, if you salvage the property, you are salvaging it as much for yourself as for the husband as your credit will be impacted as his will. The asset is a joint asset. You may get some credit for paying up, but that is a matter for negotiation. There is no ready answer to your question.
Answer Applies to: New Jersey
Replied: 9/20/2011




















