My question involves vehicle registration or title in the state of: California
I completely appreciate any insight anyone may be able to offer on this, any little bit is helpful!
My father-in-law (was not married to my wife's mother, but she considers him father) passed away a month ago and left behind a slew of vehicles in various states of repair/titles.
The vehicle in question is a Motorcycle (currently completely disassembled by my father in law before he passed) which has a Lien held on it by some sort of financial institution. (I have a copy of the title and know who holds the lien, just don't know why or what it was for exactly)
He had a living trust leaving "all worldly" goods to my wife including the grand total of only a couple hundred dollars.
Once the lien holder finds out he has passed are they going to attempt to repossess the bike? How would they even do that? Through probate? I was under impression that if there is a living trust an estate can't go into probate. The trust was notarized and then given to us but it hasnt been filed anywhere and I dont even know if it has to. This all happened VERY fast. But that's another thread in another forum I'm sure!
How can I find out how much the lien is for without alarming the lien holder to come looking for us/the bike? And if they do become aware we are in possession of it, even though we are not trying to title it nor are on the title...are we now the owners of whatever debt he incurred against the bike? If we turned over the bike (really the frame is all that's left) to them are we responsible for whatever remains after they auction/sell it?
I apologize for my lack of knowledge in this and hope its in the right forum since its kind of a combination of a couple different forums.