Legal Question in Wills and Trusts in Texas
I recently purchased a new vehicle for my girlfriend to drive. her name is not on the contract - only mine. Together, we signed a document that was then notarized stating that if we should dissolve our relaztionship that she could keep the car and I would continue making the payments. The document also stated that when I made the final payment I would sign the car over to her. The document also states that all my future possessions from would become hers should I die. Is this document legal and binding? I live in Texas if that makes a difference.
1 Answer from Attorneys
Probably not. In order for a document to handle your property when you die, it needs to comply with the testamentary requirements for a will. As for the car deal, it probably creates more problems for you down the road.
If you want to give her a car, give her a car. Sign the title over, subject to the lien. It's still your credit if you don't pay. If you want to give your stuff to her when you die, then write a will. When you're dealing with significant assets (car) or all of your assets, it's not a good idea to DIY.
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