my car is in my mother's name, can creditors take my car?

by blake
(chicago)

My car is in my mother's name and my loan is in her name, too. If the car is the only thing in the estate, can they take my car away? Do I have to pay off the loan in order to get the title transferred in my name?

Comments for my car is in my mother's name, can creditors take my car?

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Mar 09, 2012
my car is in my mother's name, can creditors take my car?
by: Debtcollectionanswers.com

I recommend that you talk with the lender that financed your mother's car. If you want to keep the car I imagine that you will have to get a new loan unless the lender is willing to transfer the current loan into your name. However, the lender will want to be assured that you can afford to make the loan payments. Also, you will need to get title to the car transferred into your name, assuming your mother did not leave the car to someone other than you.

If you have any additional questions, I recommend that you consult with an estate planning attorney in your area.

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