Concord California Affidavit for Collection of Personal Property - Probate Code Section 13100 - Small Estates under $184,500

• Category: California Probate - Small Estates
• State: California
• City: Concord
• Control #: CA-ET10
• Format: Word; PDF; Rich Text

Description

Pursuant to California statute, if the value of an estate does not exceed $150,000 (in 2022, $184,500), and forty days have elapsed since the death of the decedent, an interested party may demand payment on any debts owed to the decedent through a small estate affidavit. Concord California Affidavit for Collection of Personal Property — Probate Code Section 1310— - Small Estates Under $166,250 The Concord California Affidavit for Collection of Personal Property is a legal document specified under Probate Code Section 13100. This affidavit allows individuals to collect personal property of a decedent without going through a formal probate process, provided that the total value of the estate is not exceeding $166,250. By using this affidavit, individuals can simplify the process of transferring assets owned solely by the deceased to their rightful beneficiaries or heirs. It eliminates the need for filing a full probate petition, which can be time-consuming and expensive. The Concord California Affidavit for Collection of Personal Property — Probate Code Section 13100 can be applied to various types of small estates under $166,250, including: 1. Bank Accounts: This affidavit can be utilized to collect funds or assets held in the decedent's bank accounts such as savings accounts, checking accounts, or certificates of deposit (CDs). 2. Investment Accounts: Individuals can use this affidavit to transfer stocks, bonds, or other investment assets held solely in the name of the deceased. 3. Vehicles: If the decedent owned a vehicle solely under their name, this affidavit can be employed to transfer ownership without going through the traditional probate process. 4. Personal Belongings: This affidavit can be used to collect personal property like jewelry, furniture, electronics, or other valuable assets solely owned by the deceased. It's important to note that this affidavit is only applicable to small estates with a total gross value of no more than $166,250. Gross value refers to the value of the estate's assets before considering any debts, liens, or mortgages. If the estate value exceeds this threshold, a different probate procedure may need to be followed. To complete the Concord California Affidavit for Collection of Personal Property — Probate Code Section 13100, individuals will typically need to provide specific information about the decedent, their assets, and their beneficiaries. This may involve details such as the decedent's name, date of death, asset descriptions, values, and the names and addresses of the beneficiaries. Executors should carefully review the requirements and procedures outlined by the California probate code or seek legal assistance to ensure compliance. In conclusion, the Concord California Affidavit for Collection of Personal Property — Probate Code Section 13100 is a valuable tool for simplifying the transfer of personal property in smaller estates valued at $166,250 or below. Utilizing this affidavit can save time and expenses associated with the formal probate process, allowing for a smoother transfer of assets to the rightful beneficiaries.

Concord California Affidavit for Collection of Personal Property — Probate Code Section 1310— - Small Estates Under $166,250 The Concord California Affidavit for Collection of Personal Property is a legal document specified under Probate Code Section 13100. This affidavit allows individuals to collect personal property of a decedent without going through a formal probate process, provided that the total value of the estate is not exceeding $166,250. By using this affidavit, individuals can simplify the process of transferring assets owned solely by the deceased to their rightful beneficiaries or heirs. It eliminates the need for filing a full probate petition, which can be time-consuming and expensive. The Concord California Affidavit for Collection of Personal Property — Probate Code Section 13100 can be applied to various types of small estates under $166,250, including: 1. Bank Accounts: This affidavit can be utilized to collect funds or assets held in the decedent's bank accounts such as savings accounts, checking accounts, or certificates of deposit (CDs). 2. Investment Accounts: Individuals can use this affidavit to transfer stocks, bonds, or other investment assets held solely in the name of the deceased. 3. Vehicles: If the decedent owned a vehicle solely under their name, this affidavit can be employed to transfer ownership without going through the traditional probate process. 4. Personal Belongings: This affidavit can be used to collect personal property like jewelry, furniture, electronics, or other valuable assets solely owned by the deceased. It's important to note that this affidavit is only applicable to small estates with a total gross value of no more than $166,250. Gross value refers to the value of the estate's assets before considering any debts, liens, or mortgages. If the estate value exceeds this threshold, a different probate procedure may need to be followed. To complete the Concord California Affidavit for Collection of Personal Property — Probate Code Section 13100, individuals will typically need to provide specific information about the decedent, their assets, and their beneficiaries. This may involve details such as the decedent's name, date of death, asset descriptions, values, and the names and addresses of the beneficiaries. Executors should carefully review the requirements and procedures outlined by the California probate code or seek legal assistance to ensure compliance. In conclusion, the Concord California Affidavit for Collection of Personal Property — Probate Code Section 13100 is a valuable tool for simplifying the transfer of personal property in smaller estates valued at $166,250 or below. Utilizing this affidavit can save time and expenses associated with the formal probate process, allowing for a smoother transfer of assets to the rightful beneficiaries.

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