We got married in 2014 and have 1 kid. She claims my signing will protect us from liens in the events if I default on my student loan payment.
Asset protection planning is a sophisticated and perilous undertaking. It is not something to be done lightly or casually. Hire someone who specializes in the field to see where you stand and what is appropriate.
FYI the outer limit statute of limitations on a fraudulent transfer claim is seven years. A fraudulent transfer claim is a lawsuit by a creditor trying to clawback money or property that was improperly transferred in what amounts to a fraud on creditors. Such improper transfers can be those made with intent to cheat creditors by trying to put assets beyond their reach. Intent can be inferred from the circumstances. A transfer to an insider (spouse or other family member) is a classic badge of fraud. So is a transfer without getting something in return, like paying the down payment on a house and not getting on title.
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From your posting, I am not perfectly clear about your question, the property your wife will "close" on (is she selling home or buying? Are you both on title now? Who has contributed to payments and down payment in what amounts? Etc., etc., etc.) or the "problem" created by your student loan.
Still, if I am reading correctly, you may be talking about "quit claim" deed of your interest in real property, removing your name from title on the deed. If this is accurate, you may want to seek legal counsel about the possible benefits, and possible side effects of doing this. There are many variables and factors that weigh on choosing to do something like this, not only a future student loan default. Removing yourself from title or quit claiming property may have ramifications on you now, or in the future. Be careful and be sure to get legal representation to advise you if you have any concerns.
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