Ok, one of our cars in is my name for insurance purposes only, that of my daughters truck. It saves about $100 a month on insurance cost. My daughter is considering selling it and buying a better mpg vehicle to drive with these fuel prices. Our plan hasn't been confirmed yet, and I am wondering if the trustee will object highly if we sell it and replace it cash for cash, no financing or anything. Or, is he going to want ust to pay him whatever we sell it for? I'm just curious how some of you think they might handle it.
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All I know is this--one of the first questions our attorney asked us was if our names were on our daughters car in an way, shape, or form (they were not)
so I assume this could have been a big issue. Also, at the 341 meeting, our attorney asked another client if she had "gotten her name off her daughters car yet". So in light of this, I think you may want to double check before you do anything..... could be an issue.
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