How big does an estate have to be to require probate?

Estates that have a gross value of over $166,250 (if decedent died before April 1, 2022) or $184,500 (if decedent died after April 1, 2022) of personal property (assets consisting of cash, stocks, and tangible personal items) normally require probate. Any estate that includes real property worth more than $55,425 (if decedent died before April [...]

By |April 16th, 2016|, |Comments Off on How big does an estate have to be to require probate?

Are there alternatives to filing probate?

In California, there are several alternatives to the full, formal probate. Some of these are: If the total gross value of a deceased person’s personal property does not exceed $166,250, a non-court affidavit procedure may be used on behalf of the beneficiaries to avoid a “full” probate. If the gross value of a decedent’s real [...]

By |April 16th, 2016|, |Comments Off on Are there alternatives to filing probate?

How long does California probate take?

If there are no unusual problems, a typical California probate proceeding can be concluded in approximately seven to twelve months. Due to crowded court calendars, hearings are often held six to ten weeks after the initial probate petition is filed. After Letters of Administration are issued, there is a mandatory four-month creditor claim period. There [...]

By |April 16th, 2016|, |Comments Off on How long does California probate take?

How are the decedent’s debts handled in probate?

Anyone who winds up a deceased person’s affairs must see that all legitimate debts are paid. Claims are received two ways – formally and informally. At the formal level, the Notice of Petition to Administer Estate published in the newspaper gives legal notice to all creditors to file their claims within four months after issuance [...]

By |April 15th, 2016|, |Comments Off on How are the decedent’s debts handled in probate?