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Hi, thanks for the question. I’m Chris and I’m a Solicitor in family matters. I will be happy to assist you and hope to provide a full response as quickly as possible.
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I’m sorry to hear about the situation you find yourself in. The Transfer of Equity forms are to transfer the property from your name to hers. If you have a look at the ‘consideration’ section it will tell you if the transfer is being done in exchange for any money or not.
Thank you for this. I was at Cross purposes, I thought you had a transfer form to complete which would deal with the transfer of equity. I note that it is an application form for that purpose. If your wife is taking on the property owner then she will course need to complete this document and you simply need to consent to the transfer. Whether you do this for any money or not is a matter for you. What is the rationale for you not getting any money out of this transfer?
Yes that’s correct. All down to her now. You’ll just have to sign the Transfer as well at a later date. You should ensure that you enter into a financial order agreement as part of the divorce process. This will reflect the agreement reached between you both with the finances and assets, but it will also give a clean break which means that neither of you will be able to claim against the other in the future. This will protect any future assets you accrue.
Glad that it's in. You are already ahead. Yes, they have been very slow at the court. I hope that I have answered your questions sufficiently. If you need anything clarified, please let me know. All the best and thanks for using JustAnswer.
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