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If a Credit union member sell car with lien to family member with a power of attorney and bill of sale can the family member remove car from state?
Iodine Iodine
Is a car considered part of the debt of an estate to be paid by the estate?
A car would be a part of the estate. If there is a loan on the vehicle, the estate has to determine what to do. They can sell it if it makes sense.
Can you sell your car to family member when your car has been impounded?
No. As long as your car has a lien on it, no deal can be made. The lien in this case is what you owe the impound lot, funds that must be paid to release your car.
Do you have to pay sales tax when purchasing a used car from a family member in pa?
It depends on how close the family member is. Sister, brother, mother, father, child. Can't be cousins, etc. You can also sell it to them for $1.
In Colorado what happens to your debt and car loan if you die?
Someone, normally a family member, will be appointed as executor of your estate. That person is in charge of your assets and debts as allowed by law.
What if a car owner dies?
The car goes into the estate. The estate may sell the car to cover debt and costs. They may also transfer title to the appropriate party.
Can the administrator sell an car that's part of the estate to an heir?
yes
How do you sale a car when owner is deceased?
Only the administrator of the estate, or any person the car was willed to can sell the car.
What if the deceased did not own their car and the executor would like to take it over?
The estate can sell the car to the executor. They will have to demonstrate to the court that they paid a fair market value for the vehicle. Essentially, the executor pays the estate for the car and the estate settles the car loan.
If you are the executor of someone's estate how do you sell their car?
If you are the executor of someone's estate, it is fairly simple to sell their car. You have to wait until the estate is settled and that you have proof that you have the authority to act on behalf of the estate and copies of the death certificate. In most states, you would then simply sign the back of the car title with your name followed by the words executor of the estate of (name of the deceased). If the car has a lien holder however, the amount of the loan must be paid first, either by yourself or the person purchasing the car in order to get a clear title.
What to do when someone dies and there is no estate and there is a car payment?
You could take over the car and the payment or sell the car and then pay the loan. I recently found out that the family doesn't have to pay the bills of person who died. This is an option, but the credit card companies don't want you to know this. It is the same with the car loan.
How do you register car with no title or will when previous owner is dead?
You can not register a car that you do not own. The car is owned by the estate of the deceased individual. The estate gets the title and then you buy it from the estate. Some legal process must occur to distribute the estate of a person who has died. Usually, someone is legally named the executor of the estate and had authority to settle the estate in a manner consistent with a will, if one exists. If no will, exists, the executor still has the power to sell or give away the items owned by the deceased. Technically, it is the estate which owns the car, with or without a title. If you want to become the onwer of the car you must have it transferred by the estate. It is the estate (and the executor is the agent for the estate) who must acquire title to the car. With appropriate documentation, such as a certificate of death and legal documentation identifying the executor, the executor can request a new title from the State Bureau of Motor Vehicles. That title may be in the name of the deceased or in the name of the estate. The estate owns the car. Only after the estate has the title can the estate sell or gift the car to someone.
