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Updated 5 days ago,
TAXES: Divorced client wants to sell
I'm a broker and property manager in Sacramento with 100+ Airbnb properties in my portfolio. Today I had a new situation and obviously can't advise on tax/legal matters, but hoping to get some insight from the community.
Managing a property for a client who divorced her domestic partner last year. Now she wants to sell the property, which is solely in her name. It is an investment property, and does not meet the qualifications of being her/their primary.
They bought the property together and the client wants to share the sale proceeds with the ex-partner. She suggested she might have to add the ex to title before closing. This sounds like an unnecessary and potentially problematic step. What's the best way to proceed? Would the Title company be able to sort this out without doing any title work?