What is the best way to split these assets that my boyfriend andI bought together if we are now splitting up?
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What is the best way to split these assets that my boyfriend andI bought together if we are now splitting up?
My ex-boyfriend and I bought a home and 2 cars together. We recently broke up and I want my name removed from the house and his car. Also, I want his name removed from my car. He is claiming that this can not be done in terms of the cars because I am the signer and he is the co-signer. How do I go about splitting these assets?
Asked on January 12, 2012 under Business Law, Florida
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
The best way for you to split the assets that you are writing about is for your former boyfriend to pay you one half of the equity in the home and the car in exchange for you to quitclaim to him the home and sign a change of ownership regarding the car's registration to him.
If there is no equity in the items then he as nothing to pay you for. As to any loans that are outstanding on the items, the only way your name can be taken off is if the loans are paid off in full or are refinanced.
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