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The answer can depend on several factors, including whether the car was owned by one person or multiple persons and whether any provision was made in a will for its transfer. If the title to the ...
A transfer-on-death account is an arrangement that ... real estate can have the designation via a transfer-on-death deed, and vehicles can have a TOD designation through a transfer-on-death title.
In addition to the vehicle title, lenders often also require the borrower to provide a set of keys for the car and/or purchase a roadside service plan. Car title loans frequently involve high interest rates, a short time to repay the loan (often 30 days), and a loan amount less than the car's monetary worth. The borrower also risks losing the ...
How to Transfer Property Out of a Trust After Death. Transferring property out of a trust is the trustee’s job. Generally, after the trustor passes away, the trustee notifies the trust’s ...
The ownership of a life estate is of limited duration because it ends at the death of a person. Its owner is the life tenant (typically also the 'measuring life') and it carries with it right to enjoy certain benefits of ownership of the property, chiefly income derived from rent or other uses of the property and the right of occupation, during his or her possession.
The certificate is known as a "pink slip" after the color of the piece of paper that was issued to owners, until a 1988 change in the document. [10] The original "pink slip" (or a replacement issued by the DMV, if the original is lost) is needed to transfer ownership of the vehicle, like during a sale. [10]
Know the title transfer deadline: After you buy out your lease, you have to transfer the vehicle title to yourself within a certain period. The deadline typically ranges from 10 to 30 days ...
Community property issues often arise in divorce proceedings and disputes after the death of one spouse. These disputes can often be avoided by proper estate planning during the spouses' joint lifetime. This may or may not involve probate proceedings. Property acquired before marriage is separate and belongs to the spouse who acquired it.