Legal Question in Wills and Trusts in Missouri

My wife loaned her grandparents $19,000 to purchase a vehicle 14 yrs ago. They inturn signed a notarized promissary note to SLOWLY repay the loan through the year 2085, thus insuring the car would be returned to my wife upon their death. It is stated in the promissary note that full repayment is secured by the vehicle; and upon their inability to pay it back, the vehicle would return to my wife. They past away 14 months ago. We have had the vehicle for a year, but just recently found the "signed" title and promissary note. Upon attempting to title the vehicle, we are told it has to go through probate. Is this correct? Does not seem like it should be...


Asked on 4/09/14, 7:08 pm

1 Answer from Attorneys
Anthony Smith LawSmith

Based upon the facts you described, the vehicle may have to go through probate. But, the documents (title and note) may allow you to avoid probate.She should have an attorney look at those documents.

Good luck

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Answered on 4/11/14, 1:19 pm


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