Power of attorney to award property when divorcing?

Answers:1   |   LastUpdateAt:2012-10-20 07:38:08  

Question
Ariel
Asked at
My son and his wife are divorcing . Divide the property and wants the car . They still owe on the car and your credit is bad . The lawyer is wanting to use the power of attorney to enter his name and remove his name from the loan. Will you still owe on the car if you default ?
Answer1michaela .b.Answered at 2012-10-20 07:36:36
If your name is clearly the loan, then no .... nothing will happen in your favor .... if the name is still present in the loan .... yes it will be damaging if they default on the loan.
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