How To Sell A Car As An Executor
When a property, in this case a vehicle, has avoided or gone through probate, it can be distributed as determined by the local laws or the will. If the car previously owned by a person that has deceased does not have a particular place to go, it can be put on sale by the executor and the person who will be acquiring it will be responsible for handling the name and title transfer. However, the executor will still have to supply the necessary documents so that the vehicle can be legally transferred to its new rightful owner. Before listing the car on sale, you will have to obtain all of the necessary documents. Those of you who were wondering how to sell a car as an executor must complete the following steps:
The first step that you need to accomplish would be to get a letter of testamentary that confirms the fact that you are the executor of the car from the probate court which will prove that you can legally sell the car.
Second of all, you will have to get a death certificate copy by getting in touch with the Department of Health in your state. To help you get the records, the funeral home you’ve used might be of help and you should place it in a folder which will be given to the buyer.
Also in that folder you must put the title of the car, along with the recent odometer reading as well as any documents regarding insurance and repair records.
To transfer the car you will need to get a form which can be obtained by contacting the DMV in your state. Most likely, you will get either a Transfer of Title or an Affadavit. After obtaining it, you now can list the car for sale as you would do with any other car. The new owner of the car will have to fill out this form and it must be submitted, along with the rest of the documents to the DMV.
Keep in mind that these laws & regulations vary from state to state. For example, in some states in the U.S. you will have to go and transfer the title of the car into your name before you will be legally allowed to sell the vehicle to another person. California would be a good example where you have to do this while in Indiana it is not mandatory. Before you attempt to sell the car, you need to verify if all the debts (including here the taxes too) have been paid off.
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