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Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: The Plan Date:  1/29/2014  4:06 PM
Author:  vkg Number:  307766 of 312188

I have done this in the past with family members and (depending on the state), one owner couldn't sell/transfer the car without the other's approval. From my own experience with elderly friends & relatives, sometimes cars get "given away" to a friend or grandkid by the elderly person in ways that others within the family may not have planned.

Being on the title adds liability and will require carrying insurance.
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