Today's topic is specifically for Minnesota residents and it's about a
change in the law the Minnesota Legislature made in 2017
they now allow you to provide a transfer on death designation for your motor
vehicle here in my hands is a copy of the form from the Minnesota DMV website
it allows you to fill out your title and also fill out beneficiary information
who you would like to leave the vehicle to upon your death now you may be familiar
with transfer on death designations for financial accounts but to my
knowledge this is one of the few states that are allowing you to do this here in
Wisconsin we don't allow this for vehicles it's a nice option if you have
a vehicle and you think it may be your last and you want to leave it to a
specific person or child you can go to the Minnesota DMV website get a copy of
the form and fill it out or if you use my office for your estate planning we're
happy to provide that to you along with the rest of your estate planning
documents so if you're Minnesota resident be aware that you can now fill out this
transfer on death beneficiary designation form for your motor vehicle
and that can help the vehicle avoid probate at your death. Thanks for
watching!
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