If you can't take over the car payments (not working or not bringing in enough money) then you father is doing you a favor in the first place. It's his money he is risking for you and most kids don't get this chance to have a car without going out and working 1 or more jobs to pay for it. You can approach your father and ask if your name can be on the loan payment or title and let him be the best judge of that. What you could do if you are flexing your muscles of independence is finding out when the loan payments are due, and then giving your father the money to pay each months loan payment. Otherwise, drive and enjoy! Marcy
The key to this is your word "gift" and a gift means you can't take it back. You gave it to them. A court won't find in your favor because it was a gift.
No, the father of the bride does not give his wife a gift.
gift-giving and people who give
father Christmas is the gift giver in Ireland
If you are on the title as sole owner, you are owner/ unless you share with creditor. a bill of sale is required in most states but a gift is a gift.
No...A gift is complete upon delivery. *Yes, the burden of proof would be on the plaintiff as to whether the money was a gift or a loan.
To get the very best gift for a dad, think about what his interests are and get him a gift that is related to his interests.
I just gave to my house title to my son (21 years old). The title has life estate in it. Is there is any gift tax do i have to pay? or my son have to pay any tax? I live in California jamie
Yes, if the gift exceeds the gift-giver's annual exemption of $15,000 per recipient, the gift giver must pay the gift tax.
The recipient of a gift doesn't incur any tax liability. The person MAKING the gift must be careful not to exceed their annual exclusion ($15,000 in 2012), to avoid their having to pay the gift tax. Proper structuring over several years can avoid much of that, but it's not your problem.
In Canada $1
I thought we had an iron-clad agreement.The agreement was only thought to be clad in iron.The gift box was clad in fancy aluminum foil.
Give him something you think he will like.
as the gift givers to jesus
Papai Noel (Father Noel) is the gift-bringer in Brazil. theres one
In Judges Samson gives honey to his mother and father.
The beavers did not receive gifts from Father Christmas.
The father of the bride, by tradition does not give the mother of the bride a gift. The only give given is to their daughter that is getting married.
The cast of The Greatest Gift - 1942 includes: Hans Conried as Father Fabian Lumsden Hare as Father Cyprian