Perspective
Jul. 9, 2011
Property Title Changes: Share and Share Alike?
What may seem like a gift of one-half of the equity in the home may be something quite different. By Stacy D. Phillips of Phillips, Lerner & Lauzon LLP
So you went to law school. Maybe you excelled in real property and trusts and estate courses. And maybe you even aced the family law or community property classes. But I bet that you believe that community property, with certain exceptions (primarily involving businesses), means that assets and liabilities are divided straight down the middle. And you probably also believe that when one spouse puts the other spouse on the deed for the home, w...
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