By Julia P. Nissley
Nissley exhibits readers the best way to look after the unfastened ends which are left while an individual dies, and explains tips to deal with the probate method speedy and with no high priced felony charges.
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Extra resources for How to Probate an Estate: California (10th ed)
How to Determine Ownership of Property 5/3 D. List the Value of the Decedent's Interest (Column D) 5/4 E. Determine Whether Property Is Probate or Non-Probate Asset (Column E) 5/4 F. List All Debts 5/5 G. Checklist of Property to List on Schedule of Assets 5/5 H. Schedule of Assets for a Sample Estate 5/21 Chapter 6 How to Identify the Best Transfer Procedure A. Non-Probate Assets 6/2 B. Assets That May Be Subject to Formal Probate 6/3 C. Examples of How Assets Are Transferred in Typical Estates 6/5 D.
If There Is No Will If there is no will, an "administrator" is appointed as estate representative if a formal probate proceeding is necessary. If no formal probate is necessary because an estate is small, has been planned using probate avoidance devices such as joint tenancy, or because the estate goes mostly to the surviving spouse, then no administrator is formally appointed. In this situation, a close relative, often the person who inherits the bulk of the estate, serves as an informal estate representative.
E. Simple Estate Checklist The following checklist shows all the basic steps in settling a simple estate in California. Each step is thoroughly explained later in the book. This list may appear a bit intimidating at first, but don't let it discourage you. Not all of these steps are required in every situation, and even then you won't find them difficult. As with so many other things in life, probating a simple estate is much like putting one foot in front of the other (or one finger in front of the other on your typewriter).