We recently had a client who called our office looking for help.
Her husband had passed away three months before and did not have a will. They owned some collector vehicles that had considerable value and when she went to transfer the insurance into her name, the Insurance Company refused to do so because she was not the registered owner of the vehicle.
When she contacted the local Registry Agent, she was told that they would complete the transfer only with a Death Certificate and a copy of her husband’s will. Since there was no will, she was informed that a letter from a lawyer stating that she was the rightful beneficiary would suffice. Our office had never met her or her spouse, so we were unable to provide this letter. We would have to move forward with a Grant of Administration application.
All this stress on the Spouse could have been avoided if her husband had written a will or ensured the vehicles were registered in joint names.
Next time you are in your vehicle check the registration to make sure both your and your spouse’s names appear. If you do not have a will or if your will is out of date, contact our office today.
It only takes approximately 4 weeks from start to finish for us to meet with you and create your Estate Planning Documents. We are here to help!
Leave your loved ones with solutions, not problems.