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Arizona Is One Of Only A Handful Of States That Offer A “Transfer On Death” Designation For Automobiles
How Transfer On Death Designations Work For Cars In Arizona
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. Car accidents are unfortunately very common in the United States and the majority of these road crashes are caused by human error, that’s why everyone should have a car accident lawyer ready in case of an emergency. While some are relatively minor, thousands of lives are taken every year by these horrible car crashes and there are even cases of serious injuries. When it comes to truck accidents, the crashes are more severe than two or more people getting hit by a vehicle. According to Tim Mazzela, Car Accident Lawyer Fresno and Personal Injury Attorney, applying for compensation for truck accidents is more challenging and complex. Seeking advice from an experienced attorney will help you present the claim against the other party. If you unfortunately get injured in a car crash, then you should consider hiring a personal injury lawyer.
Filling A Form At The Motor Vehicle Division
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.
If you apply for more from an attorney, you will find out that 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.
How Can The Beneficiary Help With A Wrongful Death Case?
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, this is important for wrongful death attorneys who may be tasked with investigating. The Beneficiary will need to bring proper identification and a copy of the death certificate. As far as this year goes there have been so many casualties and we really recommend investing in safety and buying things such as helmets or even motorcycle gloves. You should also have the contact information of on how to make money with a box truck in this state if you are lucky.
The New Beneficiary Will Also Inherit Loans & Other Legal Responsibilities
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 a personal injury attorney for clarification. If you’re planning to get auto transport during the colder months of the year, you’ll find the time frame isn’t always quite as ideal. Unlike sending a package in the mail, prices for sending your car with an auto transport company can vary greatly. I recommend you visit expresstowing.ie and have the professionals offer their experienced suggestions and services in order to safely transport your vehicle.
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Approved By: Brent Gunderson
GDP Estate Planning Blog
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