Reply by BrendaTx on 12/14/05 8:45am
Msg #82374
Now, Danny, are you "certified"???
Danny-- are you certified to be humorous on here? I don't remember signing off on that!!
Heh, heh...That was a good one...took me by surprise. LOL I'll bet you have your Smart As* Certificate framed, don't you?
**Mung asks: What is an Interspousal Transfer Deed?**
***Danny quips: When a husband has more than one wife and he is transferring the property to one of his wives to hide said property for tax evasion.***
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Mung - Google is your good friend. I went to Google and put in: "Interspousal Transfer Deed California" then hit enter.
One of many excellent hits on the first page was a copy of the form of the document - It states a good laundry list of what this document is used for.
Now, I could have rattled this off as if I knew it - but I don't. I don't need to know this stuff because it's always out there on Google.
Quoting from the document:
This is an INTERSPOUSAL TRANSFER under Sec. 63 of the Revenue and Taxation Code. Grantee(s) has (have) checked the applicable exclusion:
([ħ]) From joint tenancy to community property
([ħ]) From joint tenancy to tenancy in common
([ħ]) From one spouse to both spouses (see below)
([ħ]) From one spouse to the other spouse (see below)
([ħ]) To relinquish any community interest and to vest said property
in the name of the grantee as his/her sole and separate property
([ħ ]) Other
LINK:
http://www.alliancetitleco.com/forms/Interspousal_Deed.doc
Disclaimer: Not practicing law...just using the search engines.
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