Gifting a car during a divorce

Posted by: 123kl

Gifting a car during a divorce - 09/04/17 03:12 AM

During a divorce, can i gift a vehicle to a 3rd party if the two names listed on the title are seperated by the word "or"

Can i sell it?
Posted by: TJMH

Re: Gifting a car during a divorce - 09/04/17 01:50 PM

Maybe or maybe not. You may have become subject to automatic temporary restraining orders when the divorce was filed that prevent you from making any moves that affect finances or property.

Regardless, it seems like a move that would just generate a lot of argument in your property settlement so best not to do unless you both agree.
Posted by: MinnesotaMom

Re: Gifting a car during a divorce - 10/30/17 03:45 AM

You might be able to legally gift the car, but when it comes to separating assets, the courts would most likely order you to pay 1/2 the book value of the car to your ex. You can also sell it, but the same applies.