Legal Question in Wills and Trusts in North Carolina
vehicle registration
My husband and I are getting ready to purchase a new vehicle. In the past, either his name or both of our names have been listed on the title and registration. Since I will be the primary driver of this vehicle, is it important how we register it? We do have wills in case something should happen to either of us.
1 Answer from Attorneys
Re: vehicle registration
Well it depends if you want the automobile to go through probate. In other words, if you title the car jointly with rights of survivorship, then the car would automatically go to the surviving spouse - you would just show the death certificate.
Otherwise the executor would have to change the title after the death of the first spouse - which would require more paperwork and time. Also the value of the car would be included with the assets of the estate and would be included in the Court's fees, but it won't be included if it was titled jointly with Rights of Survivorship.
Of course, you might take into consideration divorce - there could be family law implications depending on how it is titled and what assets are used to purchase it.
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