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We have our son’s car on our account and have $3k left to pay on it. Can he keep it if we keep making payments? In other words is there a limit on the amount of cars you can keep? Our daughters is paid off and obviously she needs to keep her car too. Can we put it in her name now and get it off our asset list? My husband and I both need our cars as well. They are not paid off so we were thinking we could trade in the expensive one that we owe 30k on and get something cheap so we can afford to keep it. Is that allowed?
I also have a very tiny house in my name that my mom paid for that we bought for my niece. We helped her get clean and start her life over. It’s paid off and not worth more than $30k. She needs to keep it so she has a house. Can I do a quit claim deed and put it in her name or my mom’s name? If I do these things how long should I wait before filing?
Thank you!
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- 9 months ago
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