Fill Form 8815 Liability 2024-2025

Hi everybody! It's Andy, and welcome again to my office in Modesto, California. I am an attorney licensed to practice law in California as well as New York. Unlike some of my other videos, where I go over abstract legal concepts, in this video, I'm going to discuss something more practical. Recently, I had to buy a used car. I've done that several times in my life and have been very lucky that all the cars I bought have worked out for me. I've never actually had a solid used car, but when buying used cars, you obviously have to deal with the seller. I have encountered this situation a couple of times, where people ask me this question before. From the perspective of a person who's selling a used car, they say, "Hey, Andy, I put my car on Craigslist or eBay, the newspaper, whatever, and I found this buyer. He's really cool. He came over and got the inspection done, he did the smog, and if everything was cool, he paid me, assigned the title, gave him the key, and he took possession of the car. Everything's fine. But what happens if he gets a ticket, like a parking ticket or if he crosses a bridge without paying a toll before he registers the car in his name? So, as far as the DMV is concerned, the Department of Motor Vehicles in California, they still think that I own the car when, in reality, I've sold it to somebody else. So, this ticket that occurred is not my responsibility; it's actually this guy's responsibility, the buyer's responsibility. So, how do I, as a seller, protect myself and not have to be responsible for tickets that the buyer incurs? It's a very reasonable and prudent thing to think about. Unfortunately,...