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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 North Dakota, as in many states, cars are considered part of the marital estate and are subject to division during a divorce. North Dakota follows the principle of equitable distribution, which means that the court will divide marital property in a manner that it deems fair, though not necessarily equal. If a couple cannot agree on how to divide their assets, including cars, the court will make a determination based on factors such as the length of the marriage, each spouse's economic circumstances, and contributions to the marital estate. The court will decide who gets ownership of each vehicle and will also address the responsibility for any associated debts, such as car loans, and ongoing expenses like insurance. It's important to note that the division of property can be complex, and an attorney can provide guidance specific to the individual circumstances of the divorce.

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Automobiles

titles and loans in divorce

As a LegalFix Member You Will Be an Important Client of Local Law Firms

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North-Dakota State Code

North-Dakota State Code

Automobiles

titles and loans in divorce

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