This bill establishes a process for the automatic transfer of vehicle titles upon the death of the owner or last surviving owner in Wyoming. It creates a new section, W.S. 31-2-104.1, which mandates that county clerks provide a beneficiary designation form that allows vehicle owners to designate a beneficiary for title transfer upon their death. The form must be recorded with the county clerk and includes essential information such as the vehicle's details and the notarized signatures of all owners. Upon the owner's death, the designated beneficiary can request a new title by presenting the recorded form, proof of death, and the applicable fee. The bill also clarifies that the estate or successors of the deceased are not liable for obtaining a new title if they are unaware of the beneficiary designation.

Additionally, the bill amends existing statutes to incorporate the new provisions regarding vehicle title transfers and includes definitions for terms such as "beneficiary" and "beneficiary designation form." It specifies that the transfer of a vehicle title is a nonprobate transfer under the Wyoming Probate Code and outlines that the designated beneficiary's interest is subject to any existing liens or encumbrances. The bill also includes provisions for the transfer of insurance coverage applicable to the vehicle upon the owner's death. The act is set to take effect on July 1, 2025, with certain sections effective immediately upon the bill's passage.

Statutes affected:
Introduced: 31-1-201, 31-2-104
Engrossed: 2-18-103, 31-1-201, 31-2-104