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Feb 18, 2020 20:03:27 GMT
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I have a bit of a sticky situation. I have a close friend who has been given months to live as they have incurable cancer. As the only "car person" this person's family know, I am likely to be the one they turn to to sell their car on when the time comes.
What happens when someone passes away and they have a car that needs getting rid of? Obviously you can't go down the route of a "We Buy Any Car Get Rid Of It Quick" because the vehicle is not in the seller's name on the V5.
Are you simply allowed to transfer the registration over online by doing a "New Keeper"?? I know I am probably over-complicating things but does anyone know what the LEGAL way forward is? I presume wait for probate and a will if there is one?
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Feb 18, 2020 20:37:16 GMT
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The V5 is a record of the registered keeper not necessarily the owner (think HP or PCP). If the will leaves everything to the family/ a family member they can legally be the owner without being shown as the keeper although theoretically they should update as soon as they can.
Generally there is no issue with situations like this as long as the v5 is available. Most families in this situation don't even think it out as deeply as you are.
Issues usually only arise when family members get argumentative over property where no will exists.
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Needs a bigger hammer mate.......
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Feb 18, 2020 21:13:55 GMT
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We informed the DVLA, didn't change V5 and one of the executors signed the logbook when it went.
Incidentally the taxman will want a value for it so they can charge you inheritance tax, we buy any car valuation will do for this - make sure you declare every single mark on the vehicle.
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Last Edit: Feb 18, 2020 21:16:32 GMT by dodgerover
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Inheritance tax will only be due if the total estate is over £325,000. This is part of the probate procedure, you inform HMRC. They do require detailed accounts of the estate. The executor of the estate should sort this to keep his/her accounts straight. Crockpot, currently executor of his mum's estate  |
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Proton Jumbuck-deceased :-(
2005 Kia Sorento the parts hauling heap
V8 Humber Hawk
1948 Standard12 pickup SOLD
1953 Pop build (wifey's BIVA build).
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Feb 19, 2020 12:01:09 GMT
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Thank you everyone. This is what's so awesome about this forum. Someone ALWAYS knows 🙂
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paul99
Part of things
Posts: 410 
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Feb 19, 2020 17:03:25 GMT
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Sorry to hear about your friend. Seems unclear from your original post, but if there isn't a will in place, however horrible it will feel to raise the subject, get one done. It will save a lot of hassle when the time comes.
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Feb 19, 2020 18:13:16 GMT
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Sorry to hear about your friend. Seems unclear from your original post, but if there isn't a will in place, however horrible it will feel to raise the subject, get one done. It will save a lot of hassle when the time comes. There's no house to worry about. Just the car and some furniture. |
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TessierAshpool
Club Retro Rides Member
Posts: 507
Club RR Member Number: 168
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Feb 19, 2020 19:55:30 GMT
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Sorry to hear about your friend. Seems unclear from your original post, but if there isn't a will in place, however horrible it will feel to raise the subject, get one done. It will save a lot of hassle when the time comes. There's no house to worry about. Just the car and some furniture. Even if there's not a lot, a will still keeps everything clear and saves any arguments down the line. It doesn't have to be complicated, there are companies that just specialise in wills and can quickly and cheaply knock up a will which in essence is "I leave everything to X, and my executor/executrix is Y". This will prevent any troubles about who gets the cash for the car, who gets the dog, and so on. Sorry to hear about your friend, and I hope they prove the doctor wrong. |
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Feb 19, 2020 21:54:11 GMT
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There's no house to worry about. Just the car and some furniture. Even if there's not a lot, a will still keeps everything clear and saves any arguments down the line. It doesn't have to be complicated, there are companies that just specialise in wills and can quickly and cheaply knock up a will which in essence is "I leave everything to X, and my executor/executrix is Y". This will prevent any troubles about who gets the cash for the car, who gets the dog, and so on. Sorry to hear about your friend, and I hope they prove the doctor wrong. Sadly I don't think so, not this time. It's the 3rd time and it's inoperable. So very sad. |
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Feb 21, 2020 17:08:51 GMT
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mrbounceI'm really sorry to about your friend, my dad passed away last June so unfortunately I've had a bit of recent experience of dealing with DVLA. There is a bit of online info below. www.gov.uk/tell-dvla-about-bereavement/selling-the-vehicle I would repeat the advice given above, about suggesting your friend makes a will though. Good luck.
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Old Fords never die they just go sideways
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