Forums
New posts
Search forums
What's new
New posts
New profile posts
Latest activity
Internet Search
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Forums
General Discussions
The Watercooler
Financial Analysis Help Needed Re Social Security Disability
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="klmno" data-source="post: 555223" data-attributes="member: 3699"><p>Is the car and insurance in his name or are they paid for by you? I would assume that if you bought the car and have paid his insurance in order to keep him going until this disability came thru, he could pay you back for the car and then get it in his name and get his own insurance policy. This would save you some money and then if you needed to use the cash to help him pay for something in the future (clothes, buying household items, fixing a roof leak, whatever), it would be easy enough to do without that actually being a cash gift to him. I don't have personal experience in this area so take my ideas for what they are worth! I'm just thinking out loud and trying to come up with ideas. I have heard of people who don't even drive being able to justify having to pay for their own car so someone could drive them around though.</p><p></p><p>Also, I used to work with a man who went to an attny and had the attny write a legitimate Bill of Sale so he could "sale" his son a car in a way that legally built up his own credit. Of course, this meant if the son abused the car privilege, the father could issue something and get the car back; the father didn't make him pay full monthly payments is indicated in the Bill of Sale in order to help the son out financially. IOW, he told him he'd forgive half the monthly payment as long as he worked or went to college, or something like that.</p></blockquote><p></p>
[QUOTE="klmno, post: 555223, member: 3699"] Is the car and insurance in his name or are they paid for by you? I would assume that if you bought the car and have paid his insurance in order to keep him going until this disability came thru, he could pay you back for the car and then get it in his name and get his own insurance policy. This would save you some money and then if you needed to use the cash to help him pay for something in the future (clothes, buying household items, fixing a roof leak, whatever), it would be easy enough to do without that actually being a cash gift to him. I don't have personal experience in this area so take my ideas for what they are worth! I'm just thinking out loud and trying to come up with ideas. I have heard of people who don't even drive being able to justify having to pay for their own car so someone could drive them around though. Also, I used to work with a man who went to an attny and had the attny write a legitimate Bill of Sale so he could "sale" his son a car in a way that legally built up his own credit. Of course, this meant if the son abused the car privilege, the father could issue something and get the car back; the father didn't make him pay full monthly payments is indicated in the Bill of Sale in order to help the son out financially. IOW, he told him he'd forgive half the monthly payment as long as he worked or went to college, or something like that. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
General Discussions
The Watercooler
Financial Analysis Help Needed Re Social Security Disability
Top