Mesa, AZ 85213
Phoenix, AZ 85004
Gunderson, Denton And Peterson Office Locations
View View Gunderson, Denton And Peterson Locations in a larger map
Planning for the Future with Gunderson Denton
Arizona is one of only a handful of states that offers a “transfer on death” designation for automobiles.
What does this mean for you?
A “transfer on death” designation, or Beneficiary Designation, is a way to leave your car to an individual outside of probate. This is a good option if you don’t have your vehicle titled in your Trust’s name.
However, this is not a viable option if more than one person holds title, as the form provides transfer only if you are, “the sole owner of the motor vehicle . . ..”
Every state has its own form. The Beneficiary Designation form for Arizona can be found here:
The form may be filled out at the Motor Vehicle Division (MVD) in front of an MVD agent who will notarize the form, or the form can be filled out and signed in front of a regular notary.
Once the form is filled out, the vehicle owner must staple the form to the title and put it in a safe place. Because the vehicle will pass outside of probate, the Personal Representative will not be responsible for the vehicle upon the vehicle owner’s death. Therefore, it is advisable to notify your loved ones that the Beneficiary Designation is attached to the title, and where the title is kept.
The Beneficiary Designation has no legal effect until the vehicle owner dies. Therefore, the owner can revoke the Beneficiary Designation at any time. This is convenient if the vehicle owner purchases a new car, or, if there is a relationship change, such as divorce, and the vehicle owner wishes to change the Beneficiary Designation.
Upon the vehicle owner’s death, the intended Beneficiary will need to take the vehicle title, with the attached Beneficiary Designation form that was filled out properly, to the MVD. The Beneficiary will need to bring proper identification and a copy of the death certificate.
For a small fee, the MVD will provide the Beneficiary with a new title in the Beneficiary’s name. Be aware that the vehicle will transfer subject to existing loans on the vehicle.
Additionally, there are legal implications if you intend to leave the automobile to more than one individual. Read the form carefully, and/or consult with an attorney for clarification.
40 N. Central Avenue, Suite 1400-1532
Phoenix, AZ 85004
GDP Estate Planning Blog
Arizona Business Law
Arizona Business Lawyers
Link about our Arizona Business Lawyers.
Arizona Collections Law
Arizona Collections Lawyer
This link talks about our collection lawyers in Arizona.
Arizona Employment Law
Arizona Employment Lawyer
This link is about our employment lawyers in Arizona.
Arizona Estate Planning
Arizona Estate Planning Lawyer
This link is about our estate planning lawyers in Mesa Arizona.
- Mesa Estate Planning Attorney
This link talks about our estate planning lawyers in Mesa Arizona.
Arizona Franchise Law
Arizona Franchise Attorney
This link is about our Arizona Franchise Attorneys.
Arizona Immigration Law
Arizona Immigration Attorney
This link is about our immigration attorneys in Mesa Arizona.
- Arizona Visa Lawyer
This link is regarding our Arizona Visa Lawyers.
- EB-5 Immigration Visa
This page talks about EB-5 immigration visas.
- Investor Visa
This page talks about investor visas by our immigration lawyers in Mesa.
- Mesa Arizona Immigration Lawyer
This link is regarding our immigration attorneys in Mesa.
Arizona Litigation Matters
- Arizona litigation lawyers
This link is about our litigation lawyers in Mesa Arizona.
- Mesa Litigation Attorney
This link talks about out litigation lawyer in Mesa Arizona.
Arizona Probate Law
Arizona Probate Lawyers
This link is about our Arizona probate lawyers.
Arizona Real Estate Law
Arizona Real Estate Lawyers
This link is about our real estate lawyers in Mesa Arizona.
- Phoenix Real Estate Lawyer
This link is about our knowledgeable real estate attorneys in Phoenix, Arizona.
Mesa, AZ 85213