PROBATE

IN STATE OF CALIFORNIA

INTRODUCTION

+ STEPS INVOLVED IN PROBATE PROCESS

+ PAYMENT OF TAXES

+ CONCLUDING THE ESTATE

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California law provides that a probate is not necessary if the total value at the time of death of the assets, which are subject to probate, does not exceed the sum of $166,250. There is a simplified procedure for the transfer of these assets.

Assets Subject to Probate Process

While not all assets that the decedent owned are subject to probate, the following assets are subject to the probate process:

  • Assets in the deceased person’s name alone.
  • One-half of each asset registered as community property in the decedent’s name with his or her spouse.
  • The deceased person’s portion or share of an asset where the asset is registered as tenants in common with other people.
  • Assets, which are owned but are not registered, such as furniture, jewelry, etc.