Wiki User
∙ 2008-12-23 22:48:53unless his will states otherwise you inherit all of his property and debt. that includes, loans.
Wiki User
∙ 2008-12-23 22:48:53IF you transfer the title and loan out of your name you are not responsible. IF NOT, and they don't make the payments, or have insurance on it, YOU are responsible for all aspects of the vehicle as you still OWN it. the name on the title & loan is the responsible party.
There will be different requirements depending on the state you live in. In California, the next of kin can affect a change of title on a car owned by a person deceased.
title company
Technically, no you cannot. The loan was to the deceased, not to you. You also have to change the title of the vehicle.
The estate is responsible for the loan. If it is not paid the bank will take the property.
Nobody is responsible for the loan if there was on cosigner. If the car was inherited by someone, then that person has a right to pay the debt owed and take possession of the title.
What happen if i donate my car to my cousin and i sign the title. is that all i have to do?
In Ohio (I'm not sure about other jurisdictions), you can transfer the title of 2 vehicles with just an affidavit & the title; you don't have to open and estate with the probate court (that's if the death was AFTER 1996. Prior to 1996, you could only transfer 1 vehicle with no probate).
Either party ON THE TITLE is entitled to possession, but someone will HAVE to make payments or it will be repoed.
You need to inquire at your state DMV to determine how to transfer the title properly.
If there are two individuals listed on the title of a vehicle as primary and joint, they are both responsible for the payment of the loan. If the primary defaults on the payment, the joint owner is responsible for payment. If both parties default, the vehicle can be repossessed.
No, it is not appropriate to include your ex husbands name in the title name of an obituary because you are no longer married.