Property Included in Property settlement


#1

Dear kiserk1:

Greetings. The vehicle would be her separate property if it was a gift to her from someone outside of the marriage. Of course, if you had to pay taxes on it from the marriage, then you may be entitled to some of those funds back from you. The car of your father’s that you use, is still titled in your father’s name. Therefore, it is not your property. Thank you.

Janet L. Fritts
Attorney with Rosen Divorce
4101 Lake Boone Trail, Suite 500
Raleigh, North Carolina 27607
919.787.6668 main phone
919.256.1665 direct fax

10925 David Taylor Drive, Suite 100
Charlotte, North Carolina 28262
704.644.2831 main voice
704.307.4595 main fax

ROSENDIVORCE.COM

The response posted above is based upon the limited factual information made available and is not intended as a full and complete response to the question. The only reliable manner to obtain complete and adequate legal advice is to consult with an attorney, fully explain your situation, and allow the attorney sufficient opportunity to research the applicable law and facts required to render an accurate opinion. The basic information provided above is intended as a public service but a full discussion with an attorney should be undertaken before taking any action.


#2

My questions is: My wife won a Pontiac G6 in September (Part of the Oprah give away) she recieved the vehicle valued at $27500.00 Would this be part of the value of our property or excluded as her gift.
The second part is in 1986 my dad bought a 1965 Chevy Corvette I restored the car, my dad is going to give this to me in his will. I use the car as if it is mine. She says this should be included even though it is to be a future gift. Your professional advise please.

Tks,
keith