Finance Thread - What stocks are you in, etc.

Trunk Monkey said:
Is that a Missouri thing? Interesting. I didn't know about the need to re-title vehicles for a TOD.
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It depends on the state. Tennessee allows you to title a vehicle as "John Doe OR Jane Doe". The "OR" means that either person can sell or re-title the car without the other one's signature, alive or otherwise. When my FIL died, my MIL didn't have to do anything to her cars since they were listed as "OR" co-owners.

It also allows you to remain as the original owner and not have to re-title or present a death certificate when your spouse dies. A trust can be the second half of the "OR" equation, however its not shielded from litigation or probate if your name is still on it even with the "OR".

They also allow you to title it as "John Doe AND Jane Doe". The "AND" obviously means both parties have to sign off.
 
Trunk Monkey said:
Is that a Missouri thing? Interesting. I didn't know about the need to re-title vehicles for a TOD.
Click to expand...
It is a Missouri thing, but i wouldn't be surprised if other states do it. On the titles I have already done, I the the TOD point to the family trust.

Can also do the co-owner thing above here in Missouri.

A.I. says this:
Screenshot_20250724_183750_Google.jpg
 
I don't believe NC has anything like this. In all my experiences, dealing with dead relatives and their estates in NC is a massive PITA.

Irrevocable trusts are the way to go over there.
 
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