Quote:
Originally Posted by EastCoastDawg
My wife and I own our home in joint names.
How easy/expensive would it be to have it reregistered solely in her name?
Any tax consequences from the increase in value while we've owned it?
Thank you
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I am not certain why you want to give full ownership to your wife.
1. In Florida, there are homestead laws. No creditor can take your home to collect a debt owed to them. Even if they threaten to do so. Read the homestead laws.
2. If you divorce, the home is solely in your wife's name. You have no claim to it.
3. There should be no tax consequence. No sales transaction occurred. It is only a change in title.
Most importantly, please do not trust ANY of our answers. None of us knows your situation. It is best to call a real estate attorney.Some give answers over the phone free of charge.