Legal Question in Consumer Law in Massachusetts
Too old???
My father is 78 years old. He plans to trade his car in and take out insurance with the dealer on his new car, so that if he dies, it will be paid off and not my responsibility. Is he too old for this kind of insurance or do they have to insure him?
He also wants to add me to the title, so that I may take over full ownership when he passes away. Is this possible without my being responsible for the payments?
Thank you
2 Answers from Attorneys
Re: Too old???
? ??? ? ( b??e. Shop around a bit to be sure you're getting a good deal on the insurance. As to putting you on the title, that may be more difficult, as lenders generally want all owners to be equally responsible. Again, shop around and tell them what you want and why. Just keep shopping until you get what you want. Best wishes, David Baker
Re: Too old???
Your father may be too old to drive. His doctor should be asked to evaluate his capacity to drive without danger to others. You should assume responsibility for getting him to his doctor.
Whether insurer will insure your father depends on their criteria.
If loan on car makes bank/dealer first lienholder and your name is on the car as joint owner you may be responsible for payment of the note.
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
