Quick Claim and Divorce -- siblings, marital assets

This is a discussion on Quick Claim and Divorce -- siblings, marital assets within the Divorce, Separation, Annulment forum, part of the FAMILY LAW, DIVORCE, CUSTODY category; My spouse is on a quick claim deed to receive a parent's property should another sibling (who has first dibs) ...

Consult Your Own Personal Lawyer Now!
Reply  POST NEW QUESTION

 

Thread Tools Search this Thread Rate Thread Display Modes
Old Jul 11th, 2011, 05:58 PM   #1
Junior Member
Country:  
disabled's Flag is: United States
 

disabled's Avatar
 
Join Date: Jun 2011
Posts: 9

Default Quick Claim and Divorce -- siblings, marital assets

My spouse is on a quick claim deed to receive a parent's property should another sibling (who has first dibs) not out live the parent. Is that quick claim right considered a marital asset in my divorce even though it is not yet exercised and may never be should the first sibling outlive the parent.
disabled is offline   Reply With Quote
Sponsored Links
Top crime attorneys
Old Jul 11th, 2011, 10:59 PM   #2
Top Level Member
 
AFFA's Avatar
 
Join Date: Dec 2009
Posts: 12,553

Default Re: Quick Claim and Divorce -- siblings, marital assets

I wish to inform you that quick claim is not considered marital property. In this regard marital assets are those assets which are used during assets and quick claim being an asset which may be received by your spouse it cannot be considered a marital property. In case of divorce properties which were used during marriage or which is related to marriage may be divided but separate assets are not divided.

AFF
AFFA is offline   Reply With Quote

Did you find this post helpful? Yes | No
Old Jul 12th, 2011, 01:20 AM   #3
Top Level Member
 
Lexus's Avatar
 
Join Date: Sep 2010
Posts: 3,428

Default Re: Quick Claim and Divorce -- siblings, marital assets

A quick claim cannot be treated as a marital asset. A quick claim is an asset which may be gained by your spouse in future. A marital asset is the asset the spouse having at the present time. Marital property is the property related to marriage or acquired before marriage. It is better advised that you may consult with a Family Law Attorney who can give a proper guidance in this regard.
Lexus is offline   Reply With Quote

Did you find this post helpful? Yes | No
Old Jul 12th, 2011, 01:48 PM   #4
Top Level Member
Country:  
Friend In Court's Flag is: United States
 
Friend In Court's Avatar
 
Join Date: Apr 2011
Location: Florida
Posts: 6,731

Default Re: Quick Claim and Divorce -- siblings, marital assets

The rule is that an inheritance belongs to the person to whom it is devised (given) and not to the spouse. So even though married an inheritance is not community or marital property but belongs solely to the person who inherited it.

Secondly, there is no such thing as a "quick claim deed". What you are referring to is a "quit" claim deed which conveys whatever interest a person MAY have but does not guarantee anything. The wording on the deed if as you described makes it a questionable instrument in the first place because it is not definite as to whom it would be going . A better way to convey with those kinds of conditions would have been by will.
Friend In Court is offline   Reply With Quote

Did you find this post helpful? Yes | No
Reply

Bookmark & Share

This thread has 3 replies and has been viewed 1105 times

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:


Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Format Your Messages
Add Forum to Google Toolbar
Forum Jump

Similar Threads

Thread Thread Starter Forum Replies Last Post
S.O.S. -- divorce, marital assets, business and personal accounts TJC Divorce, Separation, Annulment 3 Apr 28th, 2011 12:00 PM
Marital Assets and Co-Mingling Them Unregistered Divorce, Separation, Annulment 2 Mar 15th, 2010 07:24 PM
Does cheating matter? - marital assets, divorce settlement Unregistered Divorce, Separation, Annulment 1 Mar 30th, 2008 05:28 PM
quit claim deed - siblings want to start a corporation Unregistered Other Real Estate Law Matters 1 Nov 24th, 2007 02:47 PM
Moving on. We both want a quick divorce. Moving On International Law Issues 1 Aug 6th, 2007 06:48 PM


Top crime attorneys


All times are GMT -5. The time now is 01:24 AM.