How are vehicles divided in a divorce?

How are vehicles divided in a divorce?

In community property states, judges generally divide the value of community property equally. So, for example, if a couple owns a car that has a Kelley Blue Book value (fair market value) of $5000, each spouse is entitled to 50% of the value of the car, or $2500.

Do both spouses have to sign separation papers?

A separation agreement is a contract voluntarily entered into between two spouses in which they agree to resolve such matters as property division, debts, custody, and support when they separate from each other. It must be signed by both parties in the presence of a notary public before it is valid.

What do I do if my husband won’t sign a separation agreement?

You can’t force someone to sign a separation agreement. If you want to resolve things but the other spouse doesn’t, you have a few options. First, you can get a lawyer. They might be able to help with negotiating an agreement.

Who is responsible for an ex wife’s car loan?

For example, a car loan is in both names and the divorce agreement states that the ex-wife keeps the car and is responsible for making the payments. Several months later, when the ex-wife defaults on the car loan, collectors start calling her and her ex-husband.

What should I do if I co signed on a car with my ex?

I’ve broken-up with my boyfriend-girlfriend, and my problem is I co-signed on a car for him/her. I’ve asked them to take my name off the loan and get the car under his/her own name. What should I do to avoid being taken advantage of? Is there anyway for me to get off the loan and make my ex boyfriend-girlfriend pay for the car themselves?

Why is my ex husband not paying my car debt?

The ex-husband claims that the debt is not his because his ex-wife got the car and the payment in the divorce. The collector says it is the ex-husband’s responsibility and will pursue legal action if he does not pay up.

What can I do if my husband takes my car?

Can I do anything if he takes the car? Brette’s Answer: If the car is in his name, he is the legal owner. While the divorce is pending, you can ask for a temporary order giving you possession of the car, since anything bought during marriage is a marital asset. You need to find a way to work out an agreement with him.