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    • It's mostly small investors, isn't it, TJ? I don't think Wall Street and institutions have bought into Truth Social. Much like US banks don't want to lend to him, I'm reading.
    • Looking on their website I would of thought that a Life interest trust would of been set up, and they state:   "A life interest trust  (also known as possession trusts or interest in possession trusts) be used for preserving assets for the next generation whilst providing a benefit for the current generation. For example, if your home is placed into a life interest trust, then the person with this interest can continue to live there until their death. The house would then be distributed in line with your Will." & A trust can be created in your lifetime, which is to take immediate effect (often referred to as a “lifetime settlement”), or it can be created on death through your Will (known as a “Will Trust”).
    • “If Trump’s stock in Truth Social, his company, drops any lower, he might do better under my tax plan than his.” — President Biden, while pitching his plan for higher taxes on the rich in Scranton, Pennsylvania   LOL Hit $26 and likely temporarily bounced back a bit to 27 dollars - from $78 - still a good return on MHA (malodorous hot air)   Wonder whos making the money off this ponzi looking scheme share price colapse?
    • I would have thought so but I'm no lawyer. What did the one that you spoke to say? You could also google about how/when a will trust is set up to get more of an idea before you speak to the original lawyer. HB
    • While I am waiting for the original solicitor to ring back about the will can I ask. After my dad passed they were informed about this an released a copy of the will to me and my brother, should they have set the trust up then as they were informed of his passing?   Thanks again
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V5 Cert


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Technically, no.

 

1) You are required by the rules concerning cherished numbers not to dispose of the vehicle until the transfer/retention is complete;

 

2) you are unable to notify disposal of the vehicle without the V5

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As patdavies says, technically no, but I have known it be done provided the buyer is confident everything is above board, (and probably seen a photocopy of the V5) and is trusting enough that the new V5 will be delivered to him immediately upon receipt.

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I've known many (5 folk) who have lost their number because of this. It is courting disaster if you dispose before the paperwork is settled, especially if they call for an inspection.

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I've known many (5 folk) who have lost their number because of this. It is courting disaster if you dispose before the paperwork is settled, especially if they call for an inspection.

 

 

possibly if you do the sale too early before the transfer is approved. There is usually still a big time gap between receivingt he info telling you what the replacement number plate is, with the DVLA authority to purchase and fit these new plates, and when they eventually get round to sending a new V5.

 

Once the transfer has been approved and new number issued, the need for an inspection has passed, plus there is further documentary evidence for the buyer to view and assess whether he thinks everything is above board.

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The problem is not after the documentation is issued - they won't even swap VEDs until they've approved or waived their right to an inspection. The issue is usually that it takes a further 3 weeks before the V5C with the new details arrives, and no self-respecting purchaser will be happy at being told he's to await the new docs before he can register as the RK.

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Thank you for your replies.

It is a close friend of mine that is buying the car - so trust is not an issue. If he has the car & insures it to drive, and the DVLA ask for an inspection, I could phone him to make it available.

 

I will still be the keeper until the V5 arrives but he can drive it. Would that work?

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Who the Keeper is is not usually an issue, BUT if he has insured it ans stated he is the RK of it, then that declaration is false and could cause problems in the event of a claim.

 

If a pal is taking the car from you, then you don't have much of a problem.

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