When it comes to your own personal property, or investment property, knowing where your county registrar’s office is, and how to effectively use their services is super important. Let’s break down the why’s.
Learn more:https://provenresource.com/how-and-where-to-record-real-estate-documents-in-michigan/
Lisa, a realtor from Livonia, Michigan asks, “my seller’s husband needs to sign papers to close the home.
However, he is not lucid.
Their realtor said she will get him to sign a power of attorney to his son.
Is this right or even legal?Read more:https://provenresource.com/a-specific-power-of-attorney-what-happens-when-someone-is-not-competent-to-sign-real-estate-documents/
In the beginning you need to re-register the car in his name.
You will need: a court decision on inheritance acquisition (or notary certification of inheritance), identity card, passport of the vehicle (if it was issued), the registration certificate and insurance policy.
Selling the car, draw up a contract of purchase and sale (2 copies), stating: the data of the buyer and seller (name, surname, social security number, address, ID number), information about the car and writing off the registration, cost, and date of signing the contract.
Selling a car should contact the insurer to not extended the policy.
To avoid paying tax on profits from the sale of the car, you should wait six months after the end of the month in which occurred the confirmation of inheritance of a vehicle.
Such a contract should not be signed in the presence of a notary (as in the case of purchase/sale of real estate).
