TxDMV VTR-121 - Beneficiary Designation for a Motor Vehicle

Form VTR-121 is a Beneficiary Designation for a Motor Vehicle issued by the Texas Department of Motor Vehicles (TxDMV).

This form allows the owner of a motor vehicle to designate a beneficiary who will inherit the vehicle upon the owner's death. The purpose of this form is to establish the beneficiary's rights to the vehicle and facilitate the transfer of ownership without the need for probate proceedings. By completing the Beneficiary Designation for a Motor Vehicle form, the owner ensures that their intended beneficiary will receive the vehicle without delay and according to their wishes. To designate a beneficiary, the vehicle owner must provide their personal information, as well as the beneficiary's details. The form must be notarized to validate its authenticity. This form is essential for estate planning purposes, as it simplifies the transfer of the vehicle's ownership after the owner's passing. It is important for vehicle owners to keep the form updated to reflect any changes in beneficiary designations.