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

• Category: California Probate - Small Estates
• State: California
• City: Daly City
• 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. The Daly City California Affidavit for Collection of Personal Property — Probate Code Section 1310— - Small Estates under $166,250 is a legal document that allows for the expedited transfer of assets to beneficiaries when someone passes away with a relatively small estate in Daly City, California. This affidavit is specifically designed for small estates and is governed by Section 13100 of the California Probate Code. It provides an alternative to the lengthy and costly probate process, allowing the beneficiaries to collect the deceased person's personal property without court intervention. By filing this affidavit, the designated person can collect personal property totaling $166,250 or less, excluding real estate, with minimal hassle and without going through formal probate proceedings. It simplifies the process for small estates, enabling a faster distribution of assets to the rightful beneficiaries. The Daly City California Affidavit for Collection of Personal Property — Probate Code Section 1310— - Small Estates under $166,250 is primarily used when the deceased person had minimal assets, such as bank accounts, stocks, bonds, motor vehicles, furniture, or personal belongings. Real estate property is excluded from this affidavit and requires a different probate process. Different types of Daly City California Affidavit for Collection of Personal Property — Probate Code Section 1310— - Small Estates under $166,250 may include variations based on the circumstances of the deceased person. For example, there could be specific affidavits for collecting personal property from a deceased person who was a resident of Daly City but had property located in another state. To properly utilize this affidavit, certain requirements must be met. The affidavit must be filed within 40 days after the death of the decedent and must include a notarized declaration stating that the estate meets the criteria for a small estate under Section 13100 of the Probate Code. Additionally, the affidavit requires a detailed description of the decedent's personal property, including any known debts or liabilities that may affect the distribution of assets. It is crucial to accurately list and appraise the personal property to ensure a fair and lawful transfer. The affidavit should also include the names and addresses of all beneficiaries entitled to receive the property. Overall, the Daly City California Affidavit for Collection of Personal Property — Probate Code Section 1310— - Small Estates under $166,250 provides a simplified and efficient process for the collection and distribution of assets in small estates. It allows beneficiaries to access their inheritance quickly, avoiding the complexities and expenses associated with traditional probate proceedings.

The Daly City California Affidavit for Collection of Personal Property — Probate Code Section 1310— - Small Estates under $166,250 is a legal document that allows for the expedited transfer of assets to beneficiaries when someone passes away with a relatively small estate in Daly City, California. This affidavit is specifically designed for small estates and is governed by Section 13100 of the California Probate Code. It provides an alternative to the lengthy and costly probate process, allowing the beneficiaries to collect the deceased person's personal property without court intervention. By filing this affidavit, the designated person can collect personal property totaling $166,250 or less, excluding real estate, with minimal hassle and without going through formal probate proceedings. It simplifies the process for small estates, enabling a faster distribution of assets to the rightful beneficiaries. The Daly City California Affidavit for Collection of Personal Property — Probate Code Section 1310— - Small Estates under $166,250 is primarily used when the deceased person had minimal assets, such as bank accounts, stocks, bonds, motor vehicles, furniture, or personal belongings. Real estate property is excluded from this affidavit and requires a different probate process. Different types of Daly City California Affidavit for Collection of Personal Property — Probate Code Section 1310— - Small Estates under $166,250 may include variations based on the circumstances of the deceased person. For example, there could be specific affidavits for collecting personal property from a deceased person who was a resident of Daly City but had property located in another state. To properly utilize this affidavit, certain requirements must be met. The affidavit must be filed within 40 days after the death of the decedent and must include a notarized declaration stating that the estate meets the criteria for a small estate under Section 13100 of the Probate Code. Additionally, the affidavit requires a detailed description of the decedent's personal property, including any known debts or liabilities that may affect the distribution of assets. It is crucial to accurately list and appraise the personal property to ensure a fair and lawful transfer. The affidavit should also include the names and addresses of all beneficiaries entitled to receive the property. Overall, the Daly City California Affidavit for Collection of Personal Property — Probate Code Section 1310— - Small Estates under $166,250 provides a simplified and efficient process for the collection and distribution of assets in small estates. It allows beneficiaries to access their inheritance quickly, avoiding the complexities and expenses associated with traditional probate proceedings.

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