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[NEWS] "Understanding California's Small Estate Affidavits" by Newport Beach Real Estate Attorneys

by Legal S. Real Estate Attorneys in CA and NV
After a person is deceased, their estate often goes into probate, along with their real and personal property, and any liens or debts they may have had. In California, not every estate needs to go through the formal probate process.

For smaller estates, estates where the decedent’s real and personal property is below a particular dollar value, there are simplified methods available.


One of these methods the decedent’s heirs may be able to use is a small estate affidavit.

Under Probate Code Section 13100, the decedent’s heirs can retrieve and collect any personal property of the decedent, so long as at least 40 days have passed from the date of death, the gross value of all of the decedent’s real and personal property is less than $184,500.00 (if decedent died on or after April 1, 2022 otherwise $166,250.00).

In addition, all persons entitled to assets join in the declaration.

To learn more please contact Newport Beach Real Estate Attorneys today at NewportBeachRealEstateAttorney.com or call (800) 233-8521 for a free consultation.

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About Legal S. Innovator   Real Estate Attorneys in CA and NV

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Joined APSense since, June 26th, 2020, From Newport Beach, United States.

Created on Mar 29th 2024 01:21. Viewed 58 times.

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