If I buy a car in my name with a loan that is in mine and my mother’s names, will my impending divorce effect either the loan or the car?

If my wife old me she didn’t want a commitment and told me she is moving out. We have been separated for about 3 months (so we have another 9 months until we can file for divorce). I recently got pre-approved for an auto loan by my credit union. The credit union account is in my name with my mother as a joint owner as I have had this account since I was in high school, long before I met my wife. The loan pre-approval is solely in my name calculated by my sole income.

Asked on July 16, 2015 under Family Law, Maryland


M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney

Answered 5 years ago | Contributor

I would suggest seeking legal help to enter in to a separation agreement stating that the marriage is ended and that from a date certain what is yours is yours and hers is hers.  Otherwise the car could be both of yours. 

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