{"id":154,"date":"2019-03-22T08:40:52","date_gmt":"2019-03-22T15:40:52","guid":{"rendered":"https:\/\/www.jacksonwhitelaw.com\/probate\/?p=154"},"modified":"2024-07-31T10:28:56","modified_gmt":"2024-07-31T17:28:56","slug":"how-does-executer-sell-car-during-probate","status":"publish","type":"post","link":"https:\/\/www.jacksonwhitelaw.com\/probate\/blog\/how-does-executer-sell-car-during-probate\/","title":{"rendered":"How Does an Executor Sell a Car During Probate?"},"content":{"rendered":"
When you pass away, all of your individually-owned assets are \u201clocked\u201d until someone receives court authority to access them. In probate, that individual is known as your estate\u2019s personal representative<\/a> (also known as an executor in other states). Whether you nominate the personal representative in your will or a family member petitions to serve as the personal representative, he or she can\u2019t take control of your assets until the probate court formally appoints them and issues Letters Testamentary to prove their authority. As such, the personal representative won\u2019t be able to access or sell any estate assets until probate is opened.<\/p>\n Note that this rule only applies to a decedent\u2019s individually-owned assets\u2014it does not apply to assets with a joint owner with rights of survivorship (JTWROS). Probating the decedent\u2019s share of ownership in JTWROS property isn\u2019t necessary, and the joint owner is free to sell the asset immediately after the decedent passes away (though the title company may need to see a copy of the death certificate).<\/p>\n Probate is the process of settling a decedent\u2019s liabilities and distributing their remaining assets. Most probate cases are guided by the decedent\u2019s last will and testament, where the testator (the person writing the will) nominates a personal representative, chooses a guardian for minor children (if applicable), and bequeaths his or her assets. When someone dies without a will, their estate is considered \u201cintestate<\/a>\u201d and will be probated according to the state\u2019s intestacy laws.<\/p>\n In the state of Arizona, probate is guided by the Uniform Probate Code (UPC<\/a>). The UPC has been adopted in its entirety by 18 states and partially by most other states, and is intended to unify probate proceedings across state lines. The guidelines in the UPC are codified in Arizona Revised Statutes Title 14 (ARS 14<\/a>).<\/p>\n If you have been nominated to serve as the personal representative to an estate, or if you wish to be appointed personal representative to an intestate estate, you\u2019ll need to file a petition for probate with the probate court in the county where the decedent lived or owned property. Every county has its own forms and requirements, so it\u2019s best to check the county probate court\u2019s website or call the court clerk to determine exactly what you need to submit. As an example, here\u2019s what the Maricopa County probate court requires:<\/p>\n Once you have been formally appointed by the court, the process of selling the decedent\u2019s car is mostly the same as how you\u2019d go about selling your own vehicle:<\/p>\n After you have sold the car and transferred the title, don\u2019t forget to call the auto insurance company and cancel the decedent\u2019s insurance policy. Auto insurance companies may be willing to issue a refund for premiums paid after the vehicle was sold, but the process is a whole lot easier when you cancel the policy promptly. Note that you may need to provide the insurance company with a copy of the death certificate and your Letters Testamentary to validate your authority.<\/p>\n If there\u2019s a lien on the car, you\u2019ll need to settle the note and obtain a clear title before you can sell the car. Call the bank or finance company that\u2019s carrying the note, request a payoff amount, and submit the appropriate payment along with a copy of the death certificate and the Letters Testamentary. Upon receiving these, the finance company will issue a clear title, made out to the estate. If you need to use the proceeds of the sale to pay off the car loan, as the buyer to meet you at the bank or finance company to complete the sale.<\/p>\n The state of Arizona offers a small estate exemption that allows smaller estates to complete the probate process by affidavit rather than actually going through probate. To qualify, the estate must have less than $100,000 in real property (house, land, condo) and less than $75,000 in personal property (vehicles, financial accounts, personal possessions, etc.). The party managing the estate will need to wait at least 6 months after the decedent\u2019s passing in order to allow enough time for the decedent\u2019s creditors to submit claims to the estate. Once the estate\u2019s debts, taxes, and bills are paid, the managing party is free to sell the assets, distribute the proceeds, and file the small estate affidavit<\/a> with the county probate court.<\/p>\nWhat is Probate?<\/h4>\n
How to Be Appointed as Personal Representative of an Estate<\/h4>\n
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How to Sell a Car in Probate<\/h4>\n
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What to Do If There is a Lien on the Car<\/h4>\n
The Small Estate Exemption<\/h4>\n