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Automobiles

titles and loans in divorce

Cars are an important asset, and are often the subject of dispute in a divorce—whether the couple owns or leases one car or multiple cars. Because cars are property and often purchased or leased with marital assets (funds), they are subject to the court’s decisions on how to divide the property. If the parties to a divorce are not able to agree on the transfer of ownership (title) and responsibility for payment of any car loans and insurance, the judge or jury may make these decisions for the parties.

In Alaska, as in many states, cars are considered part of the marital estate and are subject to division during a divorce. Alaska follows an 'equitable distribution' approach, meaning that the court will divide marital property in a way that is fair, but not necessarily equal. If a couple cannot agree on how to divide their assets, including cars, the court will make a determination based on various factors such as the length of the marriage, the needs of each party, and their financial circumstances. The court will decide who gets the car or cars, and will also address the division of any associated liabilities, such as car loans and insurance obligations. It's important to note that 'marital assets' typically include all property acquired during the marriage, regardless of whose name is on the title, unless it is proven to be separate property. An attorney can provide specific guidance on how these general principles apply to an individual's situation in Alaska.

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Automobiles

titles and loans in divorce

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Alaska State Code

Alaska State Code

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Automobiles

titles and loans in divorce