W
William Mossie
Guest
My wife and I are in our sixties and plan to sell our home in the next few years to move closer to our children.
We have lived in our Silicon Valley home for more than thirty years and have over $500K in capital gains.
The problem is that we had a “four month” domestic problem in 1998-99. At that time we got a legal separation and put our residence in my wife’s name and our rental house in my name. We were only actually separated for less than four months. We have been reunited since March 6th, 1999.
According to the California courts, we are still legally separated.
We want to "Undo our Separation" that was filed with the court so that we can each qualify for a $250K exemption?
What legal actions do we have to take to qualify?
Can we just deed our properties back to community property?
Can we file as married?
Do we need to tell the court that we made a mistake two years ago and we want them to forget it?
Thank you for any help you can give us in resolving this problem.
Sincerely, Bill
We have lived in our Silicon Valley home for more than thirty years and have over $500K in capital gains.
The problem is that we had a “four month” domestic problem in 1998-99. At that time we got a legal separation and put our residence in my wife’s name and our rental house in my name. We were only actually separated for less than four months. We have been reunited since March 6th, 1999.
According to the California courts, we are still legally separated.
We want to "Undo our Separation" that was filed with the court so that we can each qualify for a $250K exemption?
What legal actions do we have to take to qualify?
Can we just deed our properties back to community property?
Can we file as married?
Do we need to tell the court that we made a mistake two years ago and we want them to forget it?
Thank you for any help you can give us in resolving this problem.
Sincerely, Bill