An Affidavit is a sworn, written statement of facts, signed by the 'affiant' (the person making the statement) before a notary public or other official witness. The affiant swears to the truth and accuracy of the statement contained in the affidavit. This document, an Affidavit Re Real Property of Small Value - $55,425 or Less - Estate , is a model affidavit for recording the type of information stated. It must be signed before a notary, who must sign and stamp the document.
Elk Grove California Affidavit Regarding Real Property of Small Value — $55,425 or Less is a legal document utilized in Elk Grove, California, to transfer a deceased person's real property without going through a formal probate process. This affidavit is commonly referred to as a Small Estate Affidavit or a Small Value Real Property Affidavit. The Elk Grove California Affidavit Regarding Real Property of Small Value — $55,425 or Less comes into play when the value of the deceased person's real property is $55,425 or less, excluding liens and encumbrances. This affidavit allows the transfer of property ownership to rightful heirs or beneficiaries without the need for a court-supervised probate administration. This affidavit acts as a statement under oath and provides information about the deceased person, the property involved, and the individuals entitled to inherit the property. Some essential keywords relevant to this affidavit include: 1. Affidavit: This document is a sworn statement made under oath by the person filing it, signaling the veracity and accuracy of the information provided. 2. Elk Grove, California: Referring to the specific location where this affidavit is applicable, namely the city of Elk Grove in California. 3. Real Property: Denotes immovable property, primarily land and any attached structures. 4. Small Estate Affidavit: Another term used to refer to this affidavit, highlighting its purpose of handling small estates. 5. Small Value Real Property Affidavit: A descriptive name given to this affidavit, emphasizing that it specifically deals with real property of a certain value or less. 6. $55,425 or Less: The monetary limit set by the law, indicating that the affidavit can only be utilized for properties valued at $55,425 or below. 7. Probate: The legal process to settle a deceased person's estate, which can be bypassed through the use of this affidavit in eligible cases. Overall, the Elk Grove California Affidavit Regarding Real Property of Small Value — $55,42offersss offers a simplified and cost-effective way to transfer ownership of small-value real properties without undergoing a lengthy probate process, benefiting eligible heirs and beneficiaries.
