An individual whose motor vehicle is titled in New Jersey may designate a beneficiary to receive ownership of a vehicle upon their death. The vehicle will not be considered part of the estate probate or administration, and therefore no letters of testamentary or administration are required for transfer. The transfer does not take effect until the death of the owner, or death of last surviving owner if there are co-owners. The NJMVC form is to be held by the vehicle owner and presented by the beneficiary, with the title, and death certificate and Application for Certificate of Ownership after the death of the owner. Any liens noted on the decedent’s title shall be paid before a new title is issued unless the lien on the title is
being transferred as well. Reach out anytime as to this matter as well as your Estate Plan or need to set forth or update your Estate Plan.
Feel free to call 856.428.5577 or e-mail [email protected] anytime to discuss and or set up an office consultation at your convenience for this matter and or your Will and Estate Planning.
DiMedio Law is a New Jersey law firm whose practice includes Estate Planning as well as Business Services, Succession Planning, Real Estate, and Basic Wills, Trusts & Also Estate Probate & Administration. Contact us at [email protected] or call us at 856-428-5577.
DISCLAIMER: This advisory is for general information purposes only. It does not constitute legal advice, and may not be used and relied upon as a substitute for legal advice regarding a specific legal issue or problem. Advice should be obtained from a qualified attorney licensed to practice in the jurisdiction where that advice is sought.
