Dads explorer in my name?

My dad just bought a 2005 ford explorer, he is currently getting a devorce, and he is scared that his wife will get it he paid 7000 for it, his lawyer said they only way she can get it is if he signs the title over to someone else. So he asked me to put the title in my name, for the duration of his devorce. My question is, does this make me liable for anything, or are there any cons to this?

There are a few caveats, namely that as a registered owner of a vehicle, you are liable for maintaining insurance. I assume your dad will do that on his own, but you would need to monitor it to make sure. You would also be liable for financial damages not covered by insurance in the case of an accident.

It's still hiding assets, he can still get in trouble.

Your dad needs to get clarification from his attorney. I think he was referring to an "arms length" sale. Transferring the title to a family member would not be arms length.

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