Legal Question in Business Law in Florida

Which Form Do I need to purchase.?

I loaned a friend money to purchase an RV that I own. The deal is that i retain the title until it is paid off which is 5 yrs at 5% interest. In addition, the monthly payment is to include an amount prorated that I pay for insurance. I have an amortizations schedule that I can attach. If he defaults I should have the right to repo the rv. Also he should have to right to pay it off early.I have a Revocable trust and the rv is in that name also. So I want to assure that if he dies it gets paid off to my trust and that if I die it gets paid to my trust. Thanks


Asked on 8/29/07, 8:07 pm

1 Answer from Attorneys
Scott R. Jay Law Offices of Scott R. Jay

Re: Which Form Do I need to purchase.?

NOTE: This communication is not intended as and should not be interpreted as legal advice. Rather, it is intended solely as a general discussion of legal principles. You should not rely on or take action based on this communication without first presenting ALL relevant details to a competent attorney in your jurisdiction and then receiving the attorney's individualized advice for you. By reading the "Response" to your question or comment, you agree that the opinion expressed is not intended to, nor does it, create any attorney-client relationship, nor does it constitute legal advice to any person reviewing such information, nor will it be considered an attorney-client privileged communication. If you do not agree, then stop right here, and do not read any further.

There is no form that will accomplish all that you wish to do. The practice of law is more than simply filling in a bunch of forms purchased at a store or online. You should retain an attorney to draft the necessary documentation for you.

Scott R. Jay, Esq.

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Answered on 8/29/07, 9:27 pm


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