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so if i have a trust and im interested in the car what instrument according to the ucc qualifies to get the car do i file a financial statement and a check pay to the order of to????? and will a 1099a and c be valid ???


To acquire the car through a trust and ensure that you have legal ownership, you generally need to establish a security interest in the vehicle, which can indeed involve filing a UCC (Uniform Commercial Code) financing statement. Here are some key points related to your questions: 1. **UCC Financing Statement**: If the trust is borrowing money or if there's a lien on the vehicle, you may need to file a UCC-1 financing statement to perfect the security interest. This document is filed with the appropriate state office (usually the Secretary of State) to give notice of your interest in the vehicle. 2. **Payment**: If you are purchasing the car, you would typically pay the seller (which could be an individual, dealership, or trust) via a method discussed and agreed upon. A check should be made payable to the seller (or the person responsible for the trust if you're dealing with a trust). 3. **IRS Forms 1099-A and 1099-C**: These forms are related to debt cancellation and acquisition of secured property. If you are acquiring a car through a debt cancellation, you may receive a 1099-C, which indicates that a debt you owed has been cancelled. Similarly, a 1099-A is issued when property that was securing a loan is given back to a lender. These forms are generally used for tax reporting purposes and may not be relevant for a straightforward car purchase unless specific conditions regarding cancellation of debt are met. 4. **Validity**: Whether or not these IRS forms would be valid in your situation depends on the specifics of the transaction. If a loan has been settled or another debt problem is involved, those forms may apply. To summarize, you may need to file a UCC financing statement if you're securing a loan or a lien on the car. Payment should be made to the seller as per the agreement. The relevance of 1099-A and 1099-C forms would depend on the financial circumstances surrounding the car transaction. It's always a good idea to consult with a legal expert or an accountant for guidance specific to your situation.