Advice Please..

[tombstone10]

There are owner operators with their trucks in other people's names..I am planning on getting the truck and need to know how to do this and make it legal..Do not need my future ex wife sticking me for my children's future college funds that I plan on saving for them...Any GOOD advice will be greatly appreciated..Thanks...T.

[Orangetxguy]

The thing about having another person's name as the "Owner" of your truck...leagally THAT person IS the "owner" of YOUR truck.

Pay your child suport..buy the truck and do it legal...in your name.

[ssoutlaw]

There are owner operators with their trucks in other people's names..I am planning on getting the truck and need to know how to do this and make it legal..Do not need my future ex wife sticking me for my children's future college funds that I plan on saving for them...Any GOOD advice will be greatly appreciated..Thanks...T.

This is just a question but, why would you bit$h about paying for YOUR kids college for. People who hide what they make from their EX do this so they can short their kids out of money. You were there to make them, your life is over till they are raised, get used to it!!!! Why do people think when they get divorced and the kids live with the other parent the kids don’t deserve the same as they did when the parents were together?? You’re still their father so think about them first!!!!!!!!!!!!!!!!
As a father with custody of my last 2 kids, and an ex that doesn’t want to help with the cost of raising them, I hate seeing people post like you do!
My rant is over........lol

[tombstone10]

I think you all misunderstood me..I'm not trying to get out of paying child support...I have no problem with doing the right thing..I will be making around 32k NETas a driver, which they will recieve $11.200.00 a YEAR..That's not the problem...The problem is, my future ex has never been able to save a penny, no matter how much money we had...My only motive is to save the money for THEM AND THEIR COLLEGE..Because she WON'T..So please I need someone that is doing this to tell me how I can do what I have to do..Thank you, T.

[GMAN]

It can be risky having a truck in someone else name. If that is what you want to do, all you need to do is put it in their name and lease it to you or have them give you a power or attorney as to the use of the truck. You could also set up a corporation and put the truck in the name of the corporation. The best think would be to consult with an attorney.

[tombstone10]

Gman, thanks for the reply...

And not to be misunderstood again by anyone, I am going to pay myself as a driver, and pay support off of that...The truck needs to be separate for them to have something later on...How it is figured up here in Texas, the amount of $11.200.00 will be approximatly what I pay each year at around 32k net...I have No Problem with that, whatsoever.. If I wasn't going through this I wouldn't be buying another truck...This is the only thing that I can think of to insure their future..So please, once again, I am not trying to get out of anything, my motives are the complete opposite here.. Thanks, T

[azcardnlz]

It can be risky having a truck in someone else name. If that is what you want to do, all you need to do is put it in their name and lease it to you or have them give you a power or attorney as to the use of the truck. You could also set up a corporation and put the truck in the name of the corporation. The best think would be to consult with an attorney.

I would do the corperation thing way before I would just put it in someone else's name. It will cost more, but the cost will far outweigh the risk. Say, for example, you put it in your best friend's name. He is a very honest guy and wouldn't do anything to harm you. But his kid is out late one night and causes an accident. Since his kid is a minor, your friend is financially responsible. The court could seize all of his assets, including "his" truck that you paid for and are driving. Definitely consult an attorney.

Just my 1/50 of a dollar.

[tombstone10]

Oh, and if anyone is curious, she nets around 45k a year.. So with the 11k she will be getting from me I think they'll be okay...

[tombstone10]

Hey azcardnlz, That's the kind of info I need to know and take into consideration...Thank you, Sir...Can someone tell me who to talk to?? OOIDA referred me to PBS in Cali. and they told me that it would't be a good idea unless I could show over a 50k profit...I'm not sure I can profit that much here..I guess I need to drive this truck for the owner awhile and see what it can make...That was kind of the idea to do so anyway..Thanks, T.

[azcardnlz]

Hey azcardnlz, That's the kind of info I need to know and take into consideration...Thank you, Sir...Can someone tell me who to talk to?? OOIDA referred me to PBS in Cali. and they told me that it would't be a good idea unless I could show over a 50k profit...I'm not sure I can profit that much here..I guess I need to drive this truck for the owner awhile and see what it can make...That was kind of the idea to do so anyway..Thanks, T.

No problem. Under normal curcumstances, incorporating would not be the best thing for you to do. I doubt that I would even under your circumstances. I'm just saying that I would incorporate before I would take the risk of signing over my title to someone else. Find a good attorney in your area, buy an hour of his/her time, and run it past them. They might come up with a plan that no one else has thought of that might work for you. If not, they can at least advise you on these issues. BOL2U.

[GMAN]

PBS is a bookkeeping service. You need to talk to an attorney.

[heavyhaulerss]

tombstone... i just want to say good luck.. dont pay any attn to attacks or negative responses. i didnt take your post as wanting to get out of anything concering your kids. sometimes your kids can receive more if you find a way to give personally along with the child support deal. you may give x amount of $ to a court ordered paymt, but how much of that goes for the child & to the child ?. there are many irresponsible mothers , just like there are fathers. your probably the type where you dont mind paying for college tuition for your kids. you'd just rather make the check payable to the college & not the ex. my best....

[ssoutlaw]

Oh, and if anyone is curious, she nets around 45k a year.. So with the 11k she will be getting from me I think they'll be okay...

What is the 11k for that you will be giving her? Is this child support? If it is that is 211.00 a week, how many kids, maybe this will be too much!
You will not be giving her any of the money you will be saving for your kid’s college at this time in their life. Some states, I don’t know about all but here in Indiana they assign a percentage of the weekly cost to raise the children, and this goes by how much each parent makes. In my case I pay for 59% and my ex pays for 41% and I have physical custody of the 2 kids. When it comes to college we are responsible for those same % mentioned above. College is over and above the amount of your child support, so the ex can’t touch it anyway! You have to understand, the way your post looks, it sounds like your trying to hide how much you make to lower your child support!
In the state of Indiana they are very strict about what it costs to raise a child. In my case the court figures it will cost 306.00 a week to raise my 2 children. Now with her parenting time credit of 50.00 a week she is ordered to pay 75.00 a week. You’re lucky you don’t live in Indiana, because your support lasts until they turn 21!! There are ways to stop the payments but that is another story.
Maybe you could better explain what your ex and your Childs college money has to do with having the truck in someone’s name but your own..
Maybe I am wrong, but you need to better explain what this all has to do with your 1st post. I would like to understand.

[ssoutlaw]

I think you all misunderstood me..I'm not trying to get out of paying child support...I have no problem with doing the right thing..I will be making around 32k NETas a driver, which they will recieve $11.200.00 a YEAR..That's not the problem...The problem is, my future ex has never been able to save a penny, no matter how much money we had...My only motive is to save the money for THEM AND THEIR COLLEGE..Because she WON'T..So please I need someone that is doing this to tell me how I can do what I have to do..Thank you, T.

Courts don’t care what you NET; they go by your GROSS and her gross!
It doesn’t make a difference if she can save or not, you still have to do your part of the cost to raise your kids! I’m not trying to put you down, but it’s not up to you what part of the cost of raising your kids is. They will not make you give her money for their college.
You say she makes 45k a yr, now lets say you make 45k a yr your %'s will be 50/50 see what I’m getting at?
I don’t care what the other Yahoos on this board say, I was commenting from what you posted, "put your own equipment in someone’s name but your own???" and it sounded fishy! Again I’m not slamming you, but you need to explain why you really want to do this when you air your dirty laundry for the world to READ! This hits home for me, because too many parents try to skip out on anything they can, when it comes time to do their share after a divorce for their children... Please don’t be this way, and I pray you will do what it takes to help with your children…

[tombstone10]

ssoutlaw wrote.

Courts don’t care what you NET; they go by your GROSS and her gross!
It doesn’t make a difference if she can save or not, you still have to do your part of the cost to raise your kids! I’m not trying to put you down, but it’s not up to you what part of the cost of raising your kids is. They will not make you give her money for their college.

SIR, before a person can give good advise, that person needs to be able to READ in order to beable to know what they are talking about...As for court's not caring about what you net, maybe you should findout what the requirements are outside of Indiana... Please, Read and think before you speak... Or just go ahead and show you a&s again, like you will anyway...LOL!!! Have a great day Sir..

[ssoutlaw]

ssoutlaw wrote.

Courts don’t care what you NET; they go by your GROSS and her gross!
It doesn’t make a difference if she can save or not, you still have to do your part of the cost to raise your kids! I’m not trying to put you down, but it’s not up to you what part of the cost of raising your kids is. They will not make you give her money for their college.

SIR, before a person can give good advise, that person needs to be able to READ in order to beable to know what they are talking about...As for court's not caring about what you net, maybe you should findout what the requirements are outside of Indiana... Please, Read and think before you speak... Or just go ahead and show you a&s again, like you will anyway...LOL!!! Have a great day Sir..

As far as showing my AS#, I haven’t done this yet, but I can if you want, you have given enough ammunition so far!!
I have asked you to enlighten me and the rest of this board as to why you want to hide the fact you own a truck from your ex, but you wont go into any detail, I wonder why???? I also think you have the net and gross thing mixed up in your mind. Remember with the gross you still have a income tax return that the court takes into consideration, as this is still income to be considered when figuring out what each parent makes. I thought I made it clear to you that I wasn’t trying to put you down, I just wanted to understand why you were doing all this sneaking around your soon to be ex wife. I guess until you explain, deadbeat will stick in my mind!! Remember this also, you have to fully disclose everything as far as what you own, and have or the court cannot protect it in the decree.
Now tell us again why you are trying to hide assets from your soon to be ex wife, and make it good so we can believe you....lol
The as# competition is on....lol

[heavyhaulerss]

folks... concern is great.. accusation is another... i would hide money in a minute, if i thought i was going to get scewed by it's known exisitence. as being abandoned by my own father & never seing him or getting any child support, i disagree with deadbeat dads. but now having been happily married for 20 years & having 6 kids. i would always take care of my responsibilities. however if some one's ex has a new low life lazy boyfriend & money would go to the ex's new fling instead of the kids. well then yeah i would try & hide my money & find direct ways of getting funds to kids & not going to maybe a bad habbit of the new love in the ex's life.. a truck driver has a hard life. he spends most of the time on the road being away from the family, the ones he loves. because he loves them. he does it for them. but being away so much at times will put a strain on a marriage. if it ends in divorice it's real hard on the kids. i think that most drivers, in particulair on this forum are probably great people & good fathers with the best intentions. lets show support for one another. i really like this forum & appreciate every one on here. even when i disagree.. i feel fortunate to have so much advice from so many people & perspectives. i thank you all... now for the original post.. i wish i could help you with your original question instead of this sidebar discussion.

[ssoutlaw]

folks... concern is great.. accusation is another... i would hide money in a minute, if i thought i was going to get scewed by it's known exisitence. as being abandoned by my own father & never seing him or getting any child support, i disagree with deadbeat dads. but now having been happily married for 20 years & having 6 kids. i would always take care of my responsibilities. however if some one's ex has a new low life lazy boyfriend & money would go to the ex's new fling instead of the kids. well then yeah i would try & hide my money & find direct ways of getting funds to kids & not going to maybe a bad habbit of the new love in the ex's life.. a truck driver has a hard life. he spends most of the time on the road being away from the family, the ones he loves. because he loves them. he does it for them. but being away so much at times will put a strain on a marriage. if it ends in divorice it's real hard on the kids. i think that most drivers, in particulair on this forum are probably great people & good fathers with the best intentions. lets show support for one another. i really like this forum & appreciate every one on here. even when i disagree.. i feel fortunate to have so much advice from so many people & perspectives. i thank you all... now for the original post.. i wish i could help you with your original question instead of this sidebar discussion.

Let him answer the question so we can understand why he wants to do this. If the ex has a lo life b/friend, then go to court and take custody of the kids, simple. If you have to hide what you have, you’re not working hard enough to keep it!!!! Read the post Heavy, he wants to hide that he owns the truck, and you want to give him the benefit of the doubt, get real he wants to pay less child support or he wouldn’t even care if his soon to be ex knew he owned a truck!!!!! With what you have just posted, you of all people should understand what he is doing!!!

[tombstone10]

Okay, here it is...We married in 1997.. We started off as others do, happy and big hopes for the future..I had just got out and on my way into a career in trucking..Gone all the time as a usual driver and had some really good jobs..The best one I had was doing a California turn back to Texas once a week, and did that for over 4 years..One year I grossed over $45.000.00..I did not take over $280.00 a month in draws and the rest went to her to manage and the up keep of the kids..My monthly bills consisted of $700.00 mortage, $800.00 food, $100.00 water, $200.00+ electric, $430.00 van, $140.00 gasoline, $160.00 auto insurance..Now at $1000.00 a week gross and netting around give or take $800.00 plus, equals about give or take $38.000.00 plus net for the year....So now you take $33.720.00 from $38.000.00 and that gives you an extra $4280.00 left for the year..Not to mention like clockwork from the IRS, our earned income credit that was never under $3.500.00. Now that's $7780.00 total for clothes and running around and such...And this is just what I made and paid, with the exception of the earned income credit..See she is a Registered Nurse...She made decent money last year as well...We were always behind on our bills by 2 to 3 months....This is one of the reasons for divorce...She spends money on everything...This woman has a shoe collection that looks like she in the shoe business..What ever is out there when it comes out she has to have it..

Now, I have 5 daughters still at home..Only 4 are from me..The oldest she had from a previous relationship..However I know kids ain't cheap, cost of living goes up all the time..I am filing divorce on her because I can't stand it any longer..And yes, I know I will have to pay out the nose for support...NO PROBLEM...I just want to have them some funds for their future..Is that a sin?? My future ex wife will have zilch, nada, not one ioda of anything stored up for them...

Now do you understand where I'm coming from??? I do not wish for her to BLOW their future off!! I can't make it any plainer than that!!! Thank you, T.

[ssoutlaw]

Okay, here it is...We married in 1997.. We started off as others do, happy and big hopes for the future..I had just got out and on my way into a career in trucking..Gone all the time as a usual driver and had some really good jobs..The best one I had was doing a California turn back to Texas once a week, and did that for over 4 years..One year I grossed over $45.000.00..I did not take over $280.00 a month in draws and the rest went to her to manage and the up keep of the kids..My monthly bills consisted of $700.00 mortage, $800.00 food, $100.00 water, $200.00+ electric, $430.00 van, $140.00 gasoline, $160.00 auto insurance..Now at $1000.00 a week gross and netting around give or take $800.00 plus, equals about give or take $38.000.00 plus net for the year....So now you take $33.720.00 from $38.000.00 and that gives you an extra $4280.00 left for the year..Not to mention like clockwork from the IRS, our earned income credit that was never under $3.500.00. Now that's $7780.00 total for clothes and running around and such...And this is just what I made and paid, with the exception of the earned income credit..See she is a Registered Nurse...She made decent money last year as well...We were always behind on our bills by 2 to 3 months....This is one of the reasons for divorce...She spends money on everything...This woman has a shoe collection that looks like she in the shoe business..What ever is out there when it comes out she has to have it..

Now, I have 5 daughters still at home..Only 4 are from me..The oldest she had from a previous relationship..However I know kids ain't cheap, cost of living goes up all the time..I am filing divorce on her because I can't stand it any longer..And yes, I know I will have to pay out the nose for support...NO PROBLEM...I just want to have them some funds for their future..Is that a sin?? My future ex wife will have zilch, nada, not one ioda of anything stored up for them...

Now do you understand where I'm coming from??? I do not wish for her to BLOW their future off!! I can't make it any plainer than that!!! Thank you, T.

Read your PM.................