North Carolina  |  Credit and Debt Law

Legal Question

Asked on: 10/29/13, 5:38 pm

My vehicle is not actually in my personal name, but is in the name of a personal property trust name. But, I am still thinking of listing it. I have done exemptions one other time before and did not list it. I know personal items are what you could sell things for like a a yard sale. But, what about vehicles? What method should I use to determine market value? I was thinking just a kbb.com or nadaguides.com valuation. Is that acceptable in NC? If not, what method is ok to use? Lastly, if the vehicle is actually in a trust and not in my name personally, should I bother with including in in the exemptions? Thank you.

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