Quitclaim deed

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Quitclaim deed

My wife and I separated, and she is requesting that I sign over a quitclaim deed.
We purchased the home together, the downpayment coming from my income and a loan
from my mother. A year later we refinanced and she refinanced in her name only
because I was in a less advantageous career situation, and now she is wanting a
divorce. If I sign this over will I be completely out of any equity built in our
home if/when we divorce? I am in Missouri.

Asked on June 20, 2017 under Family Law, Missouri

Answers:

SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 3 years ago | Contributor

A "quitclaim" deed is one of those things in the law which means exactly what it sounds like: you "quit"--or give up--any "claims" you have in or to the property...or to any equity in it. If you quitclaim it to her, you will not have any interest in the property, no right(s) to the property, and no right(s) to any proceeds or equity.


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