Scott S. asked
My wife and I purchased a vehicle with a salvage title, and I accidentally provided my ID to the notary public instead of my wife's, resulting in the vehicle being co-owned. We immediately transferred the title to my wife's name at the BMV. Could this be viewed as a fraudulent transfer by creditors, even though it was not my intention? Additionally, does the Ohio vehicle exemption of $3450 apply to the benefit payment option I signed with a disability company, which allows them to place a lien on any property? If creditors were to seize the vehicle, would they have to revert to the previous title where the vehicle was co-owned, and would my wife be entitled to half of the vehicle's value since she paid for it entirely?
November 15th, 2024
Karen H. answered
The situation is unlikely to be viewed as a fraudulent transfer by creditors, as the transfer happen...
November 15th, 2024
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