How to Title Your Cars

Hi. My name is Phil Rarick. I am a Miami Asset
Protection attorney with Rarick & Beskin located in Miami Lakes, Florida. A common question we receive for persons who
have prepared revocable living trusts is what do I do about title or registration for my
cars.

Unless your car is a Maserati or you have a collection of valuable old cars, here
are three rules to follow if you live in Florida: Rule #1. Do not title or register the car
in your trust. A car is more likely to be a "lawsuit on wheels" than a valuable asset.
There is no advantage to putting your car in the trust as cars do not need to be probated
in Florida unless you have more than two cars in your name. If you have a collection of
cars, then contact our office for further advice.

Rule #2. If married or living with a partner,
do not title the car in joint name. By doing this, you have now given a personal injury
attorney two people to sue: you and your spouse or partner. You have also exposed all accounts
in joint name with your spouse or partner to such a lawsuit.

Rule #3. Title the car in the name of the
person who drives the car the most. And yes, make sure this car is insured. A car is simply one example of why it is important
to make sure your assets are properly titled.

You should periodically review how all your
major assets are titled. As a Miami asset protection attorney, I will be happy to meet
with you and discuss how to title these assets in order to secure the best protection under
the law..