When you inherit a vehicle from a deceased relative, you may want to transfer ownership of the vehicle to another party, such as a family member, for any number of reasons. In Oklahoma, the process of transferring the title of an inherited vehicle will depend on whether or not the deceased left a will. This process can be complex, but a reputable tag agency can expedite the transfer for you.
Read on to find out what to expect from the process of transferring ownership of an inherited vehicle.
Car Title Ownership Transfer With a Will
If the deceased designated you as the owner of the car, you will need to undertake several steps to fully transfer the vehicle to a third party.
Have the Will Probated
If the will is uncontested, apply for probate asking the local court to allow you to serve as the executor of the deceased's estate. The court will issue you with letters testamentary, allowing you to distribute the property according to the will.
Issue Letters Testamentary to the DPS
Issue the letters testamentary and the death certificate to your local Department of Public Safety (DPS). The letters testamentary provide evidence that you are the rightful executor of the deceased's estate, as well as the rightful heir of the vehicle in question.
Fill Out Title Transfer Application Form
To complete the ownership transfer process, complete the transfer application form from the DPS. Expect to pay the applicable transfer fees.
Car Title Ownership Transfer Without a Will
If the deceased did not leave a will and no one else has a claim on the vehicle, the process of transferring ownership of the inherited vehicle to a third party will be similar to buying a used car from a private seller.
When buying a used car from a private seller in Oklahoma, the buyer must submit several forms to facilitate a car title transfer. Before beginning the process, you will need to issue the DPS with a copy of the death certificate.
Present a valid and notarized title to the DPS. Both you and the recipient of the car must complete and sign the form.
Registration and Insurance
Unless the vehicle you are transferring is a salvage or junk title, be sure to obtain proof of owner's liability insurance policy or your own insurance policy in the form of an insurance security verification form.
Additionally, if the car was bought in another state, present evidence that the vehicle was rightly inspected. Be sure to issue the DPS with a valid and current vehicle registration card.
The DPS requires an odometer disclosure for the transfer of vehicles that are not more than nine years old. Obtain the Odometer Disclosure Statement from the DPS, or fill out the odometer reading on the applicable space on the title. Both you and the recipient of the vehicle must sign the odometer disclosure form.
A lien release form provides evidence that the vehicle does not have any outstanding loans on it. The lienholder, such as a bank or other lending institution, must complete and sign two copies of the Affidavit of Lien Release. The lienholder will mail one copy to you and another one to the DPS.
The process of transferring an inherited vehicle to a third party can be taxing, and dealing with your local motor vehicle department may not be easy either. Consider speaking to a reputable tax agency to take care of this process for you.
At Motor Vehicle Tag Agency, we are committed to making your vehicle title transfer process as stress-free as possible. Give us a call today for professional, expedient, and reliable vehicle title and tag registration services.