How do beneficiaries work on non financial assets.
I assume that with financial assets you provide a death certificate and thats its. But how about other assets, ie. house, car etc
In your will they are given to xyz. How does xyz handle it.
a. xyz wants to sell the car, does he go to the motor vehicle dept show the will and have ownership changed ?
b. Similarly with the house, bring the will to the town mortgage department and have it rewritten ?
I assume that with financial assets you provide a death certificate and thats its. But how about other assets, ie. house, car etc
In your will they are given to xyz. How does xyz handle it.
a. xyz wants to sell the car, does he go to the motor vehicle dept show the will and have ownership changed ?
b. Similarly with the house, bring the will to the town mortgage department and have it rewritten ?