Most of us own one or more cars. These are a blessing, helping us to move from one point to another effortlessly and to transport our items. But have you ever paused and wondered what will happen to your vehicle when you pass away?
You need to understand that the vehicle is a huge part of your estate plan, and the earlier you make it a part of your estate plan, the better.
You can own or lease a vehicle, and this dictates how the vehicle is handled when you pass away.
Before you begin the process, you need to consult with a qualified estate planning lawyer to understand the laws governing vehicle succession in your state.