If I’m trying to trade-in a vehicle that’s been paid off for a year and that my late grandfather co-signed with me, will I be able to trade it in without a lot of hassle?
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If I’m trying to trade-in a vehicle that’s been paid off for a year and that my late grandfather co-signed with me, will I be able to trade it in without a lot of hassle?
He passed away 5 years ago but the estate is still open.
Asked on November 30, 2012 under Estate Planning, North Carolina
Answers:
Catherine Blackburn / Blackburn Law Firm
Answered 12 years ago | Contributor
Is the title in your name and clear of any liens? If not, this is going to be a hassle. You will have to get the lender to release the lien. If the title is in both names, you will need something from the estate transferring title into your name alone, probably an order from the probate court.
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