The main way to protect the car from the procedure for dividing the property is to conclude a marriage contract. Sergey Radko, a lawyer for the Freedom of Choice auto movement, told socialbites.ca about this.
“The only way to keep the car is to make a prenuptial agreement stating that if the car is registered to either husband or wife, he will keep it. If the car was purchased in a marriage, this is a joint property that must be divided. In this case, the cost of the share of one of the spouses was transferred by collection from the other, ”explained Radko socialbites.ca.
He stated that a marriage contract can ensure not only the fate of the current property, but also the one that will arise in the future.
If the car was bought by one of the spouses before marriage, then the car will be considered his property, unless it has been significantly improved during the family life at the expense of joint funds, for example, in case of recovery from an accident. , the lawyer gave an example.
“At the same time, if the car was registered with a relative of one of the spouses at the time of purchase, it will not be considered jointly acquired property, since it does not officially belong to the husband and wife. In case of divorce, the other spouse will not be able to demand it, ”Radko concluded.
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Anika Rood is an author at “Social Bites”. She is an automobile enthusiast who writes about the latest developments and news in the automobile industry. With a deep understanding of the latest technologies and a passion for writing, Anika provides insightful and engaging articles that keep her readers informed and up-to-date on the latest happenings in the world of automobiles.