California provides special rules for small estates to avoid the expense and time of a regular probate procedure. As of January 1, 2012, eligibility limits have been raised from $100,000 to $150,000 for the value of all the property that would otherwise be subject to probate. Real estate of small value, up to $50,000, can be transferred to the beneficiaries by filing an affidavit with the Court. Surviving spouses can also collect up to $15,000 in salary owed to the deceased spouse.
For further information regarding estates and more please contact the Fullerton Family Lawyers at 714-971-8000. Call today for your free 60-minute consultation!