Car Ownership After Death

Ownership Verification: After the loss of a family member, it is crucial to establish the legal owner of their vehicle. Examine the will for specific directives; in the absence of such guidance, collaborate with beneficiaries to determine the best course of action.

Distribution Decisions: In cases where the will does not provide explicit instructions regarding the deceased's vehicle, a decision must be made. Evaluate whether to transfer the vehicle to a beneficiary or family member or, alternatively, to sell it and distribute the proceeds among the residuary estate beneficiaries. Consider conducting maintenance for potential enhancements to its resale value, particularly if a surviving spouse or dependent intends to utilise the vehicle.

Value Assessment and Sales Facilitation: Whether the decision is to transfer or sell the vehicle, it is recommended to obtain three independent valuations for tax purposes. Promptly make the necessary arrangements if the choice is to sell. Additionally, notify the relevant road department in the respective state or territory about the individual's passing, ensuring proper acknowledgment by the authorised representation of the estate.

Closing the Road Toll Account: Following the resolution of estate matters, shift focus to the deceased person's road toll account. It is essential to note that this account can typically be transferred only to a surviving spouse or partner, excluding other family members.