I bought a car for my wife BEFORE we were married. i put down about 80% of the car so she could build some credit over time. we are currently separated and i still make her payments, insurance, while she does not have any work right now. In a devorce, who has legal right over the car?
2 Answers from Attorneys
Yes you bought it prior to the marriage so the presumption is that it is not a marital asset.
If both your names are on it, it is a marital asset to be split evenly between you. If only her name is on it, it is a premarital gift, and she gets to keep it.