If my husband wants to divorce and I have a car that is on his credit but I pay the car with my money from my account, what can I do to keep it?

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If my husband wants to divorce and I have a car that is on his credit but I pay the car with my money from my account, what can I do to keep it?

Asked on August 23, 2012 under Family Law, Illinois

Answers:

M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney

Answered 11 years ago | Contributor

Assets purchased during a marriage are marital assets regardless of whose name they are in.  So you would negotiate the ownership and debt for the car duing the divorce and make sure that the settlement agreement so states.  Good luck.


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