At 72 He’ll Buy His Grandson a $30,000 Car and Keep It in His Own Name to Save on Insurance. If the Grandson Causes a Crash, the Lawsuit Can Reach Him
Keeping a car titled in your own name to cut your grandson's insurance bill sounds like a clever workaround, but one bad crash can turn a generous gift into a personal judgment against a retiree's savings. The keys change hands in the driveway, and his grandson’s grin says it all.…