7/27/2023 0 Comments Dt4 8lyWithin 180 days of the owner passing away, the beneficiary must submit the old title, a new Application for Title, and proof of the owner’s death (generally, the death certificate) to the DMV.The beneficiary’s rights to the vehicle do not arise until after the owner passes away and. Importantly, the owner retains full rights in the vehicle, meaning, he or she can still sell the vehicle, remove the beneficiary, or change the beneficiary designation by submitting a new Application to the DMV at any time before the owner’s passing.To create a transfer on death designation, the owner must submit an Application for Title that is available online or at your local Department of Motor Vehicles (“DMV”), which contains a designation of beneficiary effective upon the owner’s death.The following are the highlights of the new laws: We know organizing an estate after a family member’s passing can be difficult and designating a beneficiary of your vehicle is another great way to help simplify estate matters and make sure your wishes are followed. Create an instant online valuation and adjust the price to take. With that in mind, we wanted to share that the Texas Legislature has recently added new provisions to the Texas Estates Code and Transportation Code allowing for the designation of a beneficiary on your vehicle to take title upon your passing without the need for probate or otherwise. See whats sold recently in New Bond Street, DT4 8LY and what the houses are worth today. Here at Prevost, Shaff, Mason & Carns, P.L.L.C., one of our most important duties is to stay current on the latest legislative developments and share those updates with our clients, friends and families. New Texas Law Allows for Beneficiary Designation on Your Vehicle
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