Free Inheritance Vehicle Transfer Agreement Template
INHERITANCE VEHICLE TRANSFER AGREEMENT
This Inheritance Vehicle Transfer Agreement ("Agreement") is made and entered into on this 1st day of May, 2052 by and between:
[Your Name]
Huntsville, AL 35801
(217) 555-1234
-AND-
Jacklyn Lockman
Little Rock, AR 72201
(217) 555-5678
jacklyn@you.mail
WHEREAS [Your Name] is the rightful owner of the vehicle described below, and the vehicle is being transferred to Jacklyn Lockman due to inheritance as per the terms outlined in the Last Will and Testament of [Your Name], executed on March 15, 2050.
I. Vehicle Information
|
Vehicle Information |
Details |
|---|---|
|
Make |
Toyota |
|
Model |
Camry |
|
Year |
2018 |
|
VIN (Vehicle Identification Number) |
4T1B11HK5JU123456 |
|
License Plate Number |
AL 123ABC |
|
Color |
Silver |
|
Odometer Reading |
45,000 miles |
II. Terms and Conditions
-
Transfer of Ownership:
Upon execution of this Agreement, the ownership of the vehicle described above shall transfer from [Your Name] to Jacklyn Lockman, effective immediately upon the signing of this Agreement. -
No Liabilities:
The inheritor, Jacklyn Lockman, agrees to assume all responsibilities for the vehicle, including but not limited to taxes, insurance, maintenance, and any other liabilities associated with the vehicle as of the date of transfer. -
Title Transfer:
Both parties agree to complete all necessary paperwork and take all required steps to ensure that the title of the vehicle is legally transferred to Jacklyn Lockman. This includes submission of the necessary forms to the local Department of Motor Vehicles (DMV). -
Acknowledgement:
Both parties acknowledge that the transfer of the vehicle is being made as part of an inheritance and that no monetary consideration is involved in this transaction. This transfer is executed as per the provisions of [Your Name]'s Last Will and Testament, and the inheritance has been approved by the court. -
Indemnity:
The inheritor, Jacklyn Lockman, agrees to indemnify and hold harmless the vehicle owner, [Your Name], and any associated parties from any future claims, damages, or liabilities arising from the vehicle after the transfer date.
Signatures
By signing this Agreement, both parties agree to the terms outlined above.
|
Deceased's Details |
Inheritor's Details |
|---|---|
|
|
|
[Your Name]