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Transferring car title

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I purchased a car late 2017 and at point of purchase could not pay cash.  They allowed me to make a significant down payment so my wife's sister took a 200K THB bank note and put the car in her name.  She passed last month and the bank note had an insurance policy that pays off in the event of death.  

 

We're now trying to work through transferring ownership to my wife and unsure how it is to be handled.  Has anyone dealt with a similar situation?  If not, anyone know what it is we need to do?  

 

Thanks in advance.    

This has the potential to be complicated. The rules of inheritance are not what you might be used to. In the first instance go and talk to the bank...there may be something they can do.

At first you should confirm that your wife inherits it, either because there was a will or because that's how it is by law.

If she will, then i think the best idea would be to contact the finance institution which holds the blue book of the car and discuss the details with them.

  • Author
4 hours ago, emptypockets said:

This has the potential to be complicated. The rules of inheritance are not what you might be used to. In the first instance go and talk to the bank...there may be something they can do.

Thanks.  Yes, it is all about inheritance and while we're starting to figure it out, to your point, it's also quite complicated because "inheritance" seems to spread across the entirety of her closest family members...., from husband to children to even parents.   

 

The bank seemed only to want to secure the payoff from insurer and move on.  Less than helpful.  

  • Author
4 hours ago, jackdd said:

At first you should confirm that your wife inherits it, either because there was a will or because that's how it is by law.

If she will, then i think the best idea would be to contact the finance institution which holds the blue book of the car and discuss the details with them.

One would think the bank might be better prepared to address these situations.  Not the case here.  The bank, Kiatnakin Bank, while helpful to a point, got the check from insurer, notified us the monthly payments were no longer required, and even refunded 2 months payments via a check.  Getting through it.  The court and legal gave us some direction yesterday.   

 

Feedback appreciated. 

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