Should you put a car in both names?

Should you put a car in both names?

For married couples the rule of thumb is for each spouse to individually own the car they drive. If the owner and driver are one in the same liability can only be attached to that person. This shields joint assets from exposure to liability.

What does it mean to be a co owner of a car?

What is a co-owner. A co-owner is someone who owns an asset jointly with another person. In the case of a car, both the owner and the co-owner are listed on the title.

Can a spouse steal your car?

No, if you ever gave her permission to use the car while you were married, then it is not theft. It is an issue to be dealt with during the divorce proceedings. If you don't have an attorney, you should get one.

What rights do I have if I split up with my partner?

If a cohabiting couple splits up, they do not have the same legal rights to property as a married couple. In general, unmarried couples can't claim ownership of each other's property in the event of a breakup. Gifts made during the relationship remain the property of the recipient.