Who is the owner of a vehicle, the titled owner or the party that paid for the vehicle?
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
Who is the owner of a vehicle, the titled owner or the party that paid for the vehicle?
There is no lien on the title. Don’t spouses have to split?
Asked on August 27, 2011 New York
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 13 years ago | Contributor
Guidance on this question is dependent on many things. First, was the vehicle purchased during the marriage? With funds that were earned during the marriage? Then it is considered to be marital property no matter whose name the vehicle is titled in. The case law in this area is quite clear on that. Now, once it is determined that the asset is marital property, it is put in the pool, so to speak, with the other marital assets and they are split by a standard known as "equitable distribution." That means that assets are split "equitably" not necessarily equally. So who will get the car will depend on who got what else. It is always better to agree outside of court. I know that it is hard when going through a divorce. Good luck.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.