Forward Estate Planning, A Law Corporation
  • Home
  • SERVICES
    • ESTATE PLANNING
    • PROBATE
    • CONSERVATORSHIPS
    • HEALTHCARE DIRECTIVE
    • POWERS OF ATTORNEY
    • TRUST ADMINISTRATION
  • Attorney
  • RESOURCES
  • YouTube
  • Contact
  • Company Highlights

RESOURCES

What To Do With Out of State Properties During Probate

4/26/2024

 
Ancillary probate in California refers to the legal process that occurs when someone who owned property or assets in the state passes away but was not a California resident. It is a supplemental probate proceeding that runs parallel to the primary probate process in the deceased person's state of residence.

Here’s a breakdown of what ancillary probate involves in California:

What Triggers Ancillary Probate?
Ancillary probate becomes necessary when a non-resident of California, known as the decedent, owns property or assets within the state's jurisdiction. These properties could include real estate, bank accounts, vehicles, or any other tangible or intangible assets.

Read More

WHAT IS PROBATE?

10/14/2021

 
Probate means that there is a court case that deals with:
  • Deciding if a will exists and is valid;
  • Figuring out who are the decedent’s heirs or beneficiaries;
  • Figuring out how much the decedent’s property is worth;
  • Taking care of the decedent’s financial responsibilities; and
  • Transferring the decedent’s property to the heirs or beneficiaries.
In a probate case, an executor (if there is a will) or an administrator (if there is no will) is appointed by the court as personal representative to collect the assets, pay the debts and expenses, and then distribute the remainder of the estate to the beneficiaries (those who have the legal right to inherit), all under the supervision of the court. The entire case can take between 9 months to 1 ½ years, maybe even longer.

California law provides a statutory fee for the administrator of an estate. The Public Administrator is allowed the same compensation as private administrators. The allowable fees are based on the value of the estate are as follows:
  • 4% of the first $100,000
  • 3% of the next $100,000
  • 2% of the next $800,000
  • 1% of the next $9,000,000

Have questions about this topic? We're here to help. Book your free consultation here: https://calendly.com/forwardestateplanning/aristov-law-pc
​

    Categories

    All
    Estate Planning
    Inheritance
    Probate
    Trust Administration
    Wills And Trusts
    Статьи На Русском Языке

Location

Contact Us

[email protected]
​(424) 259-3550
Book Free Consultation
  • Home
  • SERVICES
    • ESTATE PLANNING
    • PROBATE
    • CONSERVATORSHIPS
    • HEALTHCARE DIRECTIVE
    • POWERS OF ATTORNEY
    • TRUST ADMINISTRATION
  • Attorney
  • RESOURCES
  • YouTube
  • Contact
  • Company Highlights