Is buying a car for a child and buying a house a transfer of property?

Mondo Social Updated on 2024-01-29

Spending money to buy a house and a car for your children is considered a transfer of the joint property of the husband and wife?

It depends on whether the spouse is aware or consenting. After all, buying a house and a car is a large expenditure, although the children belong to both parties, but the money spent on buying a house and a car belongs to the joint property of you and your spouse, and the large expenditure must be agreed by the other party or the other party's acquiescence in the knowledge of the other party, otherwise, it is a transfer of the joint property of the husband and wife.

Especially in divorce cases, some people deliberately transfer money to their children or buy a large amount of insurance for their children in order to avoid dividing the savings in their own name to the other party, without the consent of the other party, such behavior is likely to be recognized by the court as a transfer of the joint property of the husband and wife, which will not only fail to achieve the purpose of preventing the other party from dividing the savings in their name, but will be divided less property.

Therefore, it is dangerous not to buy a car, a house and insurance for your children without the consent of the other party.

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