Thanks for the reply. So yes I am managing someone else's money, I am not receiving any funds to my account. With the money I manage for them, they buy a house/car and they let me use it.
Is there anything illegal in that?
The car / house your using in your country (assuming here in Canada) still requires you to have insurance plus titles even though someone from another country purchase the items.
Further, if something happens (accident) you both are liable assuming you're talking about Canada and either a legal resident or Citizen.
The part where you keep saying "you're not owning anything" is incorrect in Canadian law if you're the sole user of the items. Thus, I highly recommend you go see a lawyer about such for a better explanation than a trader discussion forum.

In contrast, if they too are either Canadian legal residents or citizens that's living abroad while you're the designated (there's a legal word for it) guardian of their properties and they're allowing you to use such while they are abroad (e.g. vacationing, home in another country)...different story.
Also, the laws involving home ownership has changed in the recent years involving non-residents / non citizens purchasing property here in Canada. Once again, go see a lawyer.
This really are questions you need to talk to a lawyer about...it will only cost you a few hundred dollars but will save you a ton of problems down the road mainly because I suspect you're not telling the whole story.

wrbtrader
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