PUTTING HOME IN WIFE’S SOLE NAME
Q. Close to retirement, I am currently drawing jobseeker’s allowance. I wish to transfer 100% ownership of my house to my wife but there are a few judgements against me on the house relating to money I owe to financial institutions. With coronavirus it is not getting any better. In this situation, can I transfer the house into her sole name, where she will have no liability for these debts ? And would it cost me anything to transfer the house into her name? Malachy – Tralee Co Kerry