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| T O P I C R E V I E W |
| leakie |
Posted - 09 February 2009 : 20:23:49
Hi All
A friend of mine passed away at the begining of the year,
His wife can not drive, and wants to give her husbands car to my wife and me, The car was not left to us in the will.
what is the correct proceeder,
The Car is worth about £850
Do I register the car in my name and tell the OR
or in my wifes name and not say anything?(OH is not BR)
Leakie |
| 7 L A T E S T R E P L I E S (Newest First) |
| leakie |
Posted - 12 February 2009 : 18:21:17
Hi all
And thank you for your replies
Just to clarify
When my friend passed away it was 3 days before I went Br
In his will everything was left to his wife, as she could not Drive, she gave the car to My wife and myself, She Knew we would probaly lose the lease hire car we have,I'm still waiting to hear about that one at the moment.
The OR said it will be upto the lease company,
At the moment I am still paying £200 a month,which the OR did not seem to bothered about.
Regards to the Insurance, I have a Fully comp policy with Tescos, I am not the registared owner and they had no problem with that, they are aware that I am the keeper of the car.
So I am hoping that they will still be OK if it was registered in my wifes name because she does not drive either.
All the best
Leakie |
| Suzanne |
Posted - 12 February 2009 : 13:28:31
Hi Leakie
The OR is unlikely to be interested in your use of a car with such a low value, even if it subsequently becomes yours. I don't imagine for one minute they would expect you to declare it to them.
Suzanne Stocker
Bankruptcy Manager
Jones Giles Ltd
www.jonesgiles.co.uk
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| Skippy |
Posted - 12 February 2009 : 12:56:50
I think £2500 is average, but it varies from OR to OR - I was allowed to keep my car which was worth around £3500 when I went BR, and more when some work had been done on it.
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/
20 IPA payments made, 16 to go - on the home straight! |
| Mr.E.Guest |
Posted - 12 February 2009 : 12:03:46
Hi
I thought vehicle value allowance was £2500...
What doesn't kill you makes you stronger (I hope ;-) |
| hugedebts |
Posted - 12 February 2009 : 11:32:54
Leakie, before i was declared B/R my mum and mum- in-law clubbed together to buy us a car. It cost £1950 and on my SOA i'd put in the "use of other car" section that i'd got a car owned by my mum, how much it cost and my OR didn't even flinch.
As far as registering it goes, as both my wife and i went B/R i wanted to register it in my mums name, but couldn't because i was the keeper NOT the owner. So it's my name on the log book but my mum's on the receipt. The OR hasn't enquired about it since my interview.
I understand you can have a vehicle up to the value of £1500 anyway, so for £850 surely you have nothing to worry about.
Good luck |
| John |
Posted - 09 February 2009 : 22:16:27
Hi
if the deceased passed away whilst you are bankrupt and the bankrupt becomes the beneficiary then the asset could vest in the OR and be claimed.
I take the point that there was no will but if the deceased's family would now like you to benefit from it, and providing your wife is not bankrupt, I agree with moving on in that the car should become hers and registered in her name.
Had there been a will to the effect that the car was left to you personally then the car would definitely be claimed.
timendi causa est nescire
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| movin on |
Posted - 09 February 2009 : 21:15:29
Hey Leakie....Im very sorry to hear about your friend.
I would say for ease it may be best to put it in your wife's name - my personal opinion only as this is what i would do.
Im not sure on the correct procedure, however am sure there will be someone along who can help shortly.
Hindsight is a wonderful thing
Jenny
xx |
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