Independent Vehicle Valuation for Inheritance

Receiving a testament transferred vehicle is considered a simple procedure. But there are nuances that can cause difficulties. This is an assessment of the car for the inheritance, which must be performed before receiving the property. It is important to understand why it is required. This is described in the article.

What you need to take ownership

Need a car and the grounds for obtaining property after the death of its owner. If a person knows that a car is being handed over to him, but he does not have a will, a vehicle, documents of kinship with the deceased, then he will not be able to draw up an inheritance. It should be borne in mind that you can only obtain a property right within six months. This period goes to search for documents and vehicles.

If the location of the car is known and there are documents for it, then, thanks to the initiative of the recipient, an independent assessment of the car for the inheritance is performed. This requirement is considered mandatory. Without a specialist’s opinion, a notary public will not transfer property to another person’s property.

Documents for inheritance

What is required for inheritance? The mandatory list of documentation includes:

1. Passport.
2. Death certificate of the testator.
3. Confirmation of kinship or testament.
4. The registration certificate or certificate for the car.
5. Valuation Act.
6. Applications for a notary public about inheritance.
7. Confirmation of payment of state duty.

Not everyone knows why car assessment is required upon inheritance. Typically, this procedure is performed after an accident, when there is difficulty in recovering money from an insurance company from the culprit of an accident. But it is considered standard for various legal operations where the participation of notaries is required.

Appointment assessment

To obtain an inheritance, registration of the right to property is required. This is done by a notary public. A state duty is charged for this procedure, the amount of which is determined by the amount of the transaction. Therefore, it is necessary to evaluate the car for inheritance, after which the notary will determine the amount of the contribution to the budget. This amount is paid by the heir. Since, according to the law of the Russian Federation, no tax is levied on the property received, it is this duty that will be the main expense for the new owner of the car.

The amount of the contribution is proportional to the amount of the vehicle’s valuation. Therefore, a detailed check of the state of the machine is in demand. The expert must know that the assessment is performed for a notary public, so you need to pay attention to all the imperfections of the car. The more defects, the lower the estimated cost, and therefore the state duty.

The law defines the following amounts of contributions to the budget:

1. 0.3% of the appraised value for the heirs of the 1st and 2nd stages, but not more than 100 thousand rubles.
2. 0.6% - for the rest, but not more than 1 million rubles.

If the property has several recipients, then the amount established by the notary is divided depending on the shares of each. If it is impossible to pay everything at once, there is a right to receive a deferment for a period of not more than 3 years. But in this case, the client must provide evidence of insolvency.

Where is the assessment

Evaluation of the car for the inheritance can be carried out by any expert group chosen by the heir. The event is organized by the recipient. Now similar work is carried out by various companies. The costs of it are paid by the heir.

It must be remembered that other persons who have a share are entitled to challenge the opinion provided during the first assessment. They can conduct their own valuation of the car for the inheritance by choosing another company. If there is no agreement between the parties, the decision on the transaction is made by the court.

How is performed

An independent vehicle assessment for an inheritance is performed based on the following steps:

1. The appraisal company must provide documentation.
2. You should wait for the results of the procedure.
3. The client is issued an opinion.

The date of the event is determined depending on the load of the company and the need to perform a surface analysis or a detailed inspection of the transport. Usually it takes 2-3 hours, but sometimes the event is delayed for 2-3 days.

Cost

How much does a car valuation cost to register an inheritance? The price can be in the range of 800-900 rubles. The cost depends on the complexity of work and urgency. In big cities, rates are usually higher. In the suburbs there are great offers.

But the cost of the procedure should not be the main factors in choosing an expert company, since the work of real specialists will not be cheap. It is advisable to get acquainted with the rating of the institution, allowing to evaluate the reliability and quality of services.

Assessment Documents

Usually each region has its own companies. Valuation of a car for inheritance in NEAD (North-Eastern Administrative District of Moscow) is carried out by many agencies operating everywhere. In this case, the procedure must provide:

1. Passport.
2. The registration certificate and the certificate for the car.
3. Death certificate of the former owner of the car.

Mileage information may be required. Valuation of a car for inheritance in VAO (Eastern Administrative District of Moscow), as well as in other districts, is performed with the same list of documents.

Is a car required

According to the law, an assessment can be carried out in the absence of transport. The event is based on the information specified in the documents. But if you need a detailed examination, in which a specialist can identify imperfections, it is necessary to deliver the car to an assessment company or invite an expert to the location of the vehicle. The second service will have an additional charge.

Report

It is important that the report on the results of the assessment was drawn up correctly. Otherwise, there may be a trial with the other heirs, and then it will not work to prove the objectivity of the procedure. A specialist will evaluate the car, issue a conclusion in compliance with all the rules. All pages of the report are numbered, it is stitched and endorsed by the seal of the appraisal firm and the signature of the person in charge. Additionally attached are copies of documents on which the examination was carried out.

Assessment Methods

The procedure is performed using several methods:

1. Profitable.
2. Costly.
3. Comparative.

The report will describe the conclusion on these assessment methods. The average car price in the car market will also be indicated there, taking into account some nuances:

1. Year of issue.
2. Information about the mileage.
3. Body condition.
4. Engine operation.
5. Additional elements - alarm, auto-recorder, navigation.
6. The relevance of the model.
7. The loss of the commodity price.
8. The average price of a car.

The document is accompanied by a photo of the condition of the machine and a list of regulations, manuals used to determine the value of the property. It is advisable to have a certified copy of the document.

Re-registering a machine

The final procedure for inheritance is the re-registration of the machine in your name. To do this, you must have a certificate of inheritance provided by a notary, so you should contact the traffic police six months after the death of the owner of the car.

The traffic police must submit:

1. Passport.
2. Certificate of inheritance.
3. Vehicle registration certificate.
4. Certificate for the car.
5. Talon TO.
6. Insurance policy.
7. Car numbers.

In addition to these documents, the heir must fill out and file an application for deregistration of the vehicle and registration in its own name. It is also necessary to drive and put the car on a special site of the traffic police. After checking the documentation, the machine is inspected. Then the heir will be issued with renewed documents.

You cannot operate the machine until re-registration. After this procedure, the new owner has the full right to use and dispose of the property. If the owner immediately wants to sell or donate a car, then he will have to pay 13% of the tax on the cost of transport.

Thus, the assessment procedure for inheriting a car is considered mandatory. It is important to order it from a trusted company, which is famous for its reliability and excellent customer reviews. Then all re-registration will be able to be performed correctly, based on the norms of the law.