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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 New Hampshire, during a divorce, cars are considered part of the marital property and are subject to division between the parties. The state follows the principle of 'equitable distribution,' which means that the court will divide marital property in a way that is fair, though not necessarily equal. If a couple cannot agree on how to divide their assets, including the ownership and financial responsibilities related to their cars, the court will make the decision for them. This includes determining who will retain ownership (title) of the cars and who will be responsible for any outstanding loans and insurance payments. The court will consider various factors, such as the duration of the marriage, the contribution of each spouse to the acquisition of the marital property, and the economic circumstances of each party. The goal is to reach a fair settlement that allows both parties to move forward financially after 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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New-Hampshire State Code

New-Hampshire State Code

Automobiles

titles and loans in divorce

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