GNYADA March 2014 Newsletter

NYS Changes the Look of the Driver’ s License

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These new licenses cost only $1 more to produce than current licenses but they have 30 new security features, some not visible to the naked eye. The intent is to make it difficult to forge and attempt to thwart identity theft and terrorism. The new driver’s license will be phased in for those who already have been issued a card. As individuals renew or apply for a duplicate or anyone applying for the first time they will receive the new license. NYS DMV is predicting that all driv- ers’ licenses for those under age 21 will be replaced by the end of 2018. the decedent’s name is printed in the “Seller’s Name (Print in Full)” section on the back of the Title and the surviving spouse signs their own name in the “Seller’s Signature” Section, with the words, “as surviving Spouse”; and Copy of death certificate (DMV accepts copies). If the value exceeds $25,000, the surviving spouse can pay the excess amount to the estate and the vehicle will qualify under this provision. No surviving spouse If there is no qualified surviving spouse, ownership of one vehicle that has a value of up to $25,000 transfers automatically to any minor children (under 21). The spouse or the legal guardian of one of the chil- dren must sign the title certificate, indicating their relationship to the deceased owner. A guardian also writes “guardian of," and the name n

This fall, New York State introduced the “new and improved, tamper resistant driver’s license.” The most evident change is its new look. The license is now made of a rigid polycarbonate. In addition to a picture positioned on the left side it now features a laser engraved black and white photo on the lower right side, both of which are intended to be virtually tamper proof. Anyone under the age of 21 will see their information formatted vertically (not horizontally as for those over 21). Personal data, including name and date of birth are also laser engraved. Dealerships often see customers who want to trade-in a vehicle that belonged to a deceased relative. Those vehicles are often referred to as “exempt property” (that can be transferred easily). In order to accept such vehicle as a trade, the dealer must determine who is trading in (transferring) the vehicle, the cur- rent value (more or less than $25,000), and whether there is a pro- ceeding in Surrogate’s Court. Transfer by surviving spouse If the transfer is made by a qualified surviving spouse, New York law pro- vides that ownership of one vehicle with a value of $25,000 or less auto- matically transfers to the surviving spouse. To accept that vehicle as a trade-in, dealers will need the following: Completed Affidavit for Transfer of Motor Vehicle (DMV form MV-349.1); Completed original title on which n n

Transferring Vehicle Ownership from the Deceased 16

and the relationship of the child to the deceased owner (for example, “Charles Edwards, guardian of John Smith, son”). No spouse or minor children DMV will allow “ Next of Kin ” to transfer the deceased’s vehicle with the following: Completed Transfer of Vehicle Registered in Name of Deceased Person ( DMV Form MV-349); A completed original title – signed by the relative, indicating “Next of Kin”; and Copy of death certificate. Vehicles subject to probate If there is more than one vehicle or the vehicle has a value of more than $25,000, it is part of the deceased’s estate (it is not “exempt property”). The duly appointed Executor or Administrator approved by the Court must transfer the ownership. n n n

Greater New York Automobile Dealers Association • www.gnyada.com

The Newsletter • March 2014

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