Photo: PixieMe/Adobe Stock An Automobile Is a Non-Probate Asset
Making it easier for the owners of motor vehicles to pass the vehicles to their heirs at death without the necessity of a formal estate administration is an excellent idea.
June 04, 2023 at 10:00 AM
3 minute read
Last year Gov. Murphy signed a bill that made it easier for the owners of motor vehicles to pass the vehicles to their heirs at death without the necessity of a formal estate administration. The Division of Motor Vehicles recently issued the requisite form to implement the legislation. We think this is an excellent idea.
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