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Legalise To Leaving an Auto In A Will? #4797642
06/25/18 10:06 PM
06/25/18 10:06 PM
Joined: Feb 2010
Posts: 4,838
Central Texas
sleddriver Offline OP
sleddriver  Offline OP
Joined: Feb 2010
Posts: 4,838
Central Texas
Deep in the process of revising my will. Not only is it time, but I've had several close calls in addition...

To the lawyers on here, what's the best language to use to "bequeath" the sled to a family member? I have the title. It's certainly paid for. Vehicle description + VIN + registration information? What docs should I include so they're all in a single folder to minimize transfer hassles?

I do have a complete maintainence history/log book now going back since she was new and the dealer took delivery in Fall 1997. That will certainly be included in the folder. The brands & types of fluids are in there as well.


1998 Volvo V70 T5 228,880 mi. Original Owner.
M1 10W-30 HM
"It's never a mistake to buy tools, defined broadly. They're not a cost, they're an investment." - J.B. Peterson
Re: Legalise To Leaving an Auto In A Will? [Re: sleddriver] #4797647
06/25/18 10:15 PM
06/25/18 10:15 PM
Joined: Mar 2008
Posts: 5,960
South Florida
bubbatime Offline
bubbatime  Offline
Joined: Mar 2008
Posts: 5,960
South Florida
Put their name on the title as a co-owner NOW and then they can just grab the car keys when you die and drive it home.


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Re: Legalise To Leaving an Auto In A Will? [Re: sleddriver] #4797652
06/25/18 10:29 PM
06/25/18 10:29 PM
Joined: May 2002
Posts: 1,519
St. Charles County, Missouri
csandste Offline
csandste  Offline
Joined: May 2002
Posts: 1,519
St. Charles County, Missouri
Make the title TOD, rather than co-owner. That way it's yours until you're dead.


2017 Kia Soul Plus-- Valvoline MaxLife Blend 5-20, 52,000 miles.
Re: Legalise To Leaving an Auto In A Will? [Re: sleddriver] #4797670
06/26/18 12:11 AM
06/26/18 12:11 AM
Joined: Dec 2017
Posts: 1,307
US
JLTD Offline
JLTD  Offline
Joined: Dec 2017
Posts: 1,307
US
Sorry to hear you are having to take stock of things.

Yes, include all the things you listed in the folder. In the Will itself, probably VN and description will be enough. Like the idea of registering it early, not familiar with TOD so csandtse please enlighten!


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Re: Legalise To Leaving an Auto In A Will? [Re: sleddriver] #4797827
06/26/18 08:48 AM
06/26/18 08:48 AM
Joined: Aug 2013
Posts: 404
Alberta
tcp71 Offline
tcp71  Offline
Joined: Aug 2013
Posts: 404
Alberta
https://www.investopedia.com/terms/t/transferondeath.asp

Seems like a great way to handle assets.


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Re: Legalise To Leaving an Auto In A Will? [Re: sleddriver] #4797881
06/26/18 09:49 AM
06/26/18 09:49 AM
Joined: Feb 2003
Posts: 4,505
Arkansas
Win Offline
Win  Offline
Joined: Feb 2003
Posts: 4,505
Arkansas
My experience with TX is that some of their laws can be somewhat unusual in comparison to the surrounding states, in part because TX has been under so many nationalities, including the independent Republic of Texas, as well as evolving unique laws adapted to the vast size of the state.

Depending on the size of your anticipated estate, and the asset composition, and whatever the intestacy laws of TX are, and what you want to do and how, it may be possible to set everything up where you do not need a will. Or it may not.

My suggestion would be to make an appointment to talk with a lawyer licensed in your state, and go over the whole thing, not just your car.


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Re: Legalise To Leaving an Auto In A Will? [Re: tcp71] #4797886
06/26/18 09:55 AM
06/26/18 09:55 AM
Joined: May 2002
Posts: 1,519
St. Charles County, Missouri
csandste Offline
csandste  Offline
Joined: May 2002
Posts: 1,519
St. Charles County, Missouri
Originally Posted By: tcp71
https://www.investopedia.com/terms/t/transferondeath.asp

Seems like a great way to handle assets.


I've been widowed twice and never probated a will. Every asset was transfer on death or joint. Have two daughters and alternate which one is listed as TOD on the car. Usually let 'em have it when I get a new car and put TOD on the title for the next one.


2017 Kia Soul Plus-- Valvoline MaxLife Blend 5-20, 52,000 miles.
Re: Legalise To Leaving an Auto In A Will? [Re: sleddriver] #4797901
06/26/18 10:22 AM
06/26/18 10:22 AM
Joined: Sep 2015
Posts: 6,071
Kalifornia Kollective
BrocLuno Offline
BrocLuno  Offline
Joined: Sep 2015
Posts: 6,071
Kalifornia Kollective
Be glad you are not in Cali ... Unless all your assets are in a well set up TRUST, it will go through the courts as a matter of existing State Law ... frown


Formerly in marine engineering. In an earlier life I owned my own petroleum tank truck, and hauled for the majors and independent's.
Re: Legalise To Leaving an Auto In A Will? [Re: sleddriver] #4797917
06/26/18 10:33 AM
06/26/18 10:33 AM
Joined: Sep 2004
Posts: 21,915
Orlando, FL
Mr Nice Offline
Mr Nice  Offline
Joined: Sep 2004
Posts: 21,915
Orlando, FL
Yep, in some states probate is mandatory.

Here in Florida: names listed as... TOD, POD and Joint Tenant(s) is rock solid.

All you need is an official copy of death certificate and you are good.

I would definitely talk to someone in the state of Texas for clarification. Maybe the Texas DMV as to how they recommend to transfer ownership of vehicle.

Re: Legalise To Leaving an Auto In A Will? [Re: sleddriver] #4797931
06/26/18 10:46 AM
06/26/18 10:46 AM
Joined: Nov 2004
Posts: 251
Port Aransas, TX
Stevie Offline
Stevie  Offline
Joined: Nov 2004
Posts: 251
Port Aransas, TX
Sometimes there is very good and interesting information shared here. This is one of those times.

Thanks guys

Re: Legalise To Leaving an Auto In A Will? [Re: sleddriver] #4797988
06/26/18 11:58 AM
06/26/18 11:58 AM
Joined: Mar 2014
Posts: 3,471
NJ
Leo99 Offline
Leo99  Offline
Joined: Mar 2014
Posts: 3,471
NJ
Reminds me of Grand Torino. I would unclutter the envelope and not put maintenance records in with the will. Have a separate envelope for "the car". Do you think your heirs will fight over the car. Your executor will be responsible to ensure your will is carried out. They should have copy of the will now.

Do all states allow Joint tenants on a car registration? I've never heard of that in NJ.


Without data you're just another person with an opinion. W. E. Deming

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Re: Legalise To Leaving an Auto In A Will? [Re: sleddriver] #4798042
06/26/18 01:00 PM
06/26/18 01:00 PM
Joined: Apr 2017
Posts: 1,021
Ohio
hallstevenson Offline
hallstevenson  Offline
Joined: Apr 2017
Posts: 1,021
Ohio
Originally Posted By: sleddriver
I do have a complete maintainence history/log book now going back since she was new and the dealer took delivery in Fall 1997. That will certainly be included in the folder. The brands & types of fluids are in there as well.


Is that so the person who gets it can maybe get more money when they sell it ? 90% of buyers don't care about that stuff... Most used cars won't even have an owner's manual in them.

Re: Legalise To Leaving an Auto In A Will? [Re: hallstevenson] #4800778
06/29/18 04:06 PM
06/29/18 04:06 PM
Joined: Feb 2010
Posts: 4,838
Central Texas
sleddriver Offline OP
sleddriver  Offline OP
Joined: Feb 2010
Posts: 4,838
Central Texas
Originally Posted By: hallstevenson
Is that so the person who gets it can maybe get more money when they sell it ? 90% of buyers don't care about that stuff... Most used cars won't even have an owner's manual in them.
No. Wrong assumption. You haven't been on BITOG long...

Complete, accurate records have been a part of every vehicle I've owned.

That includes the owners manuals....


1998 Volvo V70 T5 228,880 mi. Original Owner.
M1 10W-30 HM
"It's never a mistake to buy tools, defined broadly. They're not a cost, they're an investment." - J.B. Peterson
Re: Legalise To Leaving an Auto In A Will? [Re: Leo99] #4800785
06/29/18 04:13 PM
06/29/18 04:13 PM
Joined: Feb 2010
Posts: 4,838
Central Texas
sleddriver Offline OP
sleddriver  Offline OP
Joined: Feb 2010
Posts: 4,838
Central Texas
Originally Posted By: Leo99
I would unclutter the envelope and not put maintenance records in with the will. Have a separate envelope for "the car". Do you think your heirs will fight over the car.
A will is a legal document; maintenance records are not. Thus the later will not be "mixed" in with the former.

An envelope isn't near large enough! Could possibly digitize though....

Fight over a 21yr old car?


1998 Volvo V70 T5 228,880 mi. Original Owner.
M1 10W-30 HM
"It's never a mistake to buy tools, defined broadly. They're not a cost, they're an investment." - J.B. Peterson
Re: Legalise To Leaving an Auto In A Will? [Re: Win] #4800786
06/29/18 04:18 PM
06/29/18 04:18 PM
Joined: Feb 2010
Posts: 4,838
Central Texas
sleddriver Offline OP
sleddriver  Offline OP
Joined: Feb 2010
Posts: 4,838
Central Texas
Earlier will was drafted and valid by an attorney w/i Texas. I'm updating what was written there to bring it up to date. Going into more detail this time with "who" gets "what".


1998 Volvo V70 T5 228,880 mi. Original Owner.
M1 10W-30 HM
"It's never a mistake to buy tools, defined broadly. They're not a cost, they're an investment." - J.B. Peterson
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