(PRWEB) June 28, 2013
Heirs of a relative who has died with assets much less than $ 150,000 can get the assets of the decedent without having probate or with a probate shortcut. An overview of California Small Estate administration is supplied in this tip sheet by Mark W. Bidwell, a California lawyer.

Stock and bank accounts can be transferred by a declaration submitted to the financial institution holding stock or bank account. Actual property valued at significantly less than $ 50,000 can be transferred by affidavit filed with the Superior Court of California. True property valued a lot more than $ 50,000 but much less than $ 150,000 can be transferred by 1 court hearing.

An really effective tool to collect the bank and brokerage accounts of a relative who has died is California Probate Code