Property issue


#1

My husband and I have been separated 10 months. The only joint property we have is a car that is in both of our names. He has been paying the payments on it and has let me keep the car. Will this have to be put in one or the other’s name at the divorce or how does that work?


#2

The safest thing to do is obtain a new loan on the car in your name, or his name, whoever assumes the debt, and then transfer title to the intended owner once the lienholder releases it. This will ensure there are no joint liabilities moving forward.