What is the name of your state (only U.S. law)? CA
I have the Nolo press book to probate in my state (CA) and it has a very small section on transfering automobiles and basically says that you can usually transfer an automobile in California without finishing probate, and the DMV will usually just do it with a couple forms.
The book goes on to say at several other points things about how transfers need to be held for four months until probate is finished to allow for debts to be collected.
So this is one issue on which I'm confused.....
Do we need to wait until probate is over to transfer a car into our name? The car is paid for in full, but from what I understand, it's not insured because it's still in the decedents name. If anything happens to it, we're basically screwed if we can't insure it under our policy, is what a lot of people are telling me.
Secondary question: If we cannot transfer it into our name, what do people usually do with automobiles while waiting for probate to close? Just store them somewhere?
I have the Nolo press book to probate in my state (CA) and it has a very small section on transfering automobiles and basically says that you can usually transfer an automobile in California without finishing probate, and the DMV will usually just do it with a couple forms.
The book goes on to say at several other points things about how transfers need to be held for four months until probate is finished to allow for debts to be collected.
So this is one issue on which I'm confused.....
Do we need to wait until probate is over to transfer a car into our name? The car is paid for in full, but from what I understand, it's not insured because it's still in the decedents name. If anything happens to it, we're basically screwed if we can't insure it under our policy, is what a lot of people are telling me.
Secondary question: If we cannot transfer it into our name, what do people usually do with automobiles while waiting for probate to close? Just store them somewhere?