The person has put his name and one daughter's name on the title of one vehicle and the other daughter's name and his name on the other vehicle. This person just wants to know if this is the best way or not. If he should die, how hard would it be for them to get his name off the title.
2006-07-06 01:59:18 · 3 answers · asked by pickles 1 in Cars & Transportation ➔ Other - Cars & Transportation
Shouldn't be too hard.
If he trusts his daughters he could just gift both cars to the daughters to them now. He can maintain physical ownership, but when he dies the cars will be completely in their names already.
2006-07-06 02:04:32 · answer #1 · answered by cirestan 6 · 0⤊ 0⤋
He should have a will. That will avoid Probate Court. Puttting the names on the titles will allow them to take possesion of the cars but if he is going to pass soon why not transfer the vehicles now and let them assume full possesion of the vehicles now.
2006-07-06 09:10:46 · answer #2 · answered by DR 3 · 0⤊ 0⤋
This should work. When he dies, his daughters would probably have to provide a certified copy of a death record to the Secretary of State's Office of that state, and this could probably be done through some local licensing or title service. Keep in mind that whenever you put anything in joint tenancy, your property may become subject to the debts and financial obligations of the other person if judgments, etc. are filed against them.
2006-07-06 09:13:43 · answer #3 · answered by jaylu 1 · 0⤊ 0⤋