Protecting my savings

[spin1960]

Before I complete my financial disclosure statement, should I pay off my personal recreation vehicle now while I still have the money in the bank to do so? I'm concerned that when the savings gets spit up, there won't be enough left for me to payoff what I owe.

 

[irish223]

Before I complete my financial disclosure statement, should I pay off my personal recreation vehicle now while I still have the money in the bank to do so? I'm concerned that when the savings gets spit up, there won't be enough left for me to payoff what I owe.

Is the personal recreational vehicle part of the marital assets?

 

[spin1960]

thanks for reply

It's my Motorcycle. I'm assuming it's part of the marital assets - not sure how to tell. I guess I assume even though the loan and license is in my name, it would be considered joint property

 

[irish223]

If it was bought during the marriage, then it's generally a marital asset. If you use marital assets to pay off the loan, it may aggravate your wife, and make your divorce more unpleasant. However, since the motorcycle is a marital asset, it will all be considered in the property division anyway.