What is the name of your state? California
I have a friend who is married but separated from her husband. They are not divorced – just living separately from each other. My friend wanted to partner with me in buying a property for investment purposes but she doesn’t want her husband to have any equity in the investment. Is this possible? She wanted to do this in preparation for her retirement. From the little that I know about real estate and the law in general, I think that she can’t do that because what she’ll be investing into the property will be considered as coming from their community property. Is the husband required to be included in the title? From what I understand of her situation, they have separate accounts and she said that her husband is willing to sign a quitclaim or whatever document would allow her to invest as she please for her own benefits alone. I would like her to be my investing partner but I do not want to later be entangled in any legal squabble between them. Is there a way to structure a partnership under this situation where the husband will not have any interest in the venture? Thanks.
I have a friend who is married but separated from her husband. They are not divorced – just living separately from each other. My friend wanted to partner with me in buying a property for investment purposes but she doesn’t want her husband to have any equity in the investment. Is this possible? She wanted to do this in preparation for her retirement. From the little that I know about real estate and the law in general, I think that she can’t do that because what she’ll be investing into the property will be considered as coming from their community property. Is the husband required to be included in the title? From what I understand of her situation, they have separate accounts and she said that her husband is willing to sign a quitclaim or whatever document would allow her to invest as she please for her own benefits alone. I would like her to be my investing partner but I do not want to later be entangled in any legal squabble between them. Is there a way to structure a partnership under this situation where the husband will not have any interest in the venture? Thanks.