Auto Title in Trust Name?

Posted by on
Hi Friends,

An acquaintance of mine says he is able to put;
  1. Title to his car into the name of "his trust" (his registration and paper work show the trust owns the car) and then
  2. Calls the insurance co., and gets full coverage on his vehicle in his "personal name!"
  3. He is the sole beneficiary of his trust...so i'm not sure if there would be a problem?
  4. He makes his payments from his personal checking account.

QUESTION;
  • Will he be covered in case of an accident or total loss?
  • Any other issues that could come up?



Thanks for your input!
Source of insurance-forums.net

Comments

Post a Comment