W. Tyler Moore, PC

Remember house and car title changes in a divorce

When a couple divorces, they often split assets and property. For instance, a husband and wife may jointly own two cars, both of which they have not fully paid off. In the divorce, one car goes to the husband, and the other goes to the wife. All good, right?

Not really. You still have to account for much more than mere possession. For example, spouses may need to refinance each car since only one person is paying on it. In cases where there is no car payment and the spouses have outright ownership, they still need to take care of title issues.

Why it matters

This issue matters for many reasons. For instance, if you are still listed as having to pay the monthly car payment, your credit score could take a hit if your spouse skips the payments.

If your name is on the car's title but your ex-spouse has it and drives it, you could still face legal issues if it is involved in an accident. It also can make for a hassle if your ex-spouse wants to sell it one day but does not legally own it.

The same general principle applies to real estate such as houses. If you and your spouse hammer out a divorce agreement that leaves the house to the spouse but does not detail anything about mortgage payments and the like, then your lender might end up going after you for any missed payments.

Sometimes, spouses are in a rush to get the divorce over with. They figure they will sort out the major issues now and get around to the details later. This is a mistake. It is worth taking the extra few days that may be necessary during the divorce process to sort out property titles and financing. This way, you minimize the chances of making mistakes you will regret later and can move on with your life better.

No Comments

Leave a comment
Comment Information
Email Us For A Response

Contact

Start With A Case Evaluation

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Hear From Our Clients

"Grimm Collections utilized Mr. W. Tyler Moore for a very complicated matter of litigation regarding non-payment of freight invoices to one of our clients local to the Houston area. I’ve worked with many attorneys throughout the United States on many litigation matters and the biggest deficiencies are lack of industry knowledge and poor communication/follow up.." - D.M.

Read More
  • Avvo - Rate your Lawyer. Get Free Legal Advice.
  • Avvo Clients' Choice 2012 Lawsuits & Disputes
  • Avvo Rating 10.0 Superb Top Attorney Lawsuits & Disputes
  • Avvo Top contributor 2013 Lawsuits & Disputes
  • AV Preeminent Martindale-Hubbell Lawyer Ratings
  • H Texas Houston's Top Lawyers 2014
  • Lead Counsel Rated Attorney
  • Nation's Premier | NAFLA | Top Ten Ranking 2014
  • Board Certified Texas Board Of Legal Specialization Civil Trial Law Family Law