Personal property, like jewelry, electronics, artwork, collectibles, and others Vehicles, pets, livestock, and farm equipment Businesses or organizations Land or real estate Some things are not allowed to be transferred from person to person without going through the formal probate process. Check with...
In 2008 California's legislature finally relented and amended California Probate Code section 6110 to include a harmless error provision. The California legislature adopted a "modified" version of the UPC harmless error doctrine. In doing so the California legislature ended up with a statutory ...
Arizona Statute 32-2156protects Arizona sellers and real estate professionals from being held liable for failing to disclose that a property was the site of a “natural death, suicide or homicide or any other crime classified as a felony.” However, a court ruled in 2014 that the law does n...
In states likeCaliforniaandFlorida, the spouses may use a quitclaim deed to transfer the property without warranting title. Other states—like Texas—recognize a similar type of deed called adeed without warranty. Whichever of these forms you use, the goal is usually to transfer property without ...
Probate is the legal process for distributing your property after you die. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. However, this does ...
“Revocable trusts are among the most common estate planning vehicles, particularly when there is a desire to avoid the costs and delays that can accompany probate in certain states,” says Bruce Colin, a certified financial planner with his own firm in Rancho Palos Verdes, California. ...
This option really should be a last resort because assets (property, 401(k), investments) must go through the probate process before they are accessible. For that reason, there will be a substantial amount of time between the date of death and when you’ll have the cash in hand to pay ...
This option really should be a last resort because assets (property, 401(k), investments) must go through the probate process before they are accessible. For that reason, there will be a substantial amount of time between the date of death and when you’ll have the cash in hand to pay ...
A joint-owned property can be held as ajoint tenancy. Two or more people have equal rights and obligations to the property they own together in this legal arrangement until one partner passes away. The deceased owner's interest passes to the survivors without probate at this time. It's ofte...
Though your will is not public during your lifetime, after you die, it becomes public after it goes through a process calledprobate. In probate, a will is validated, the estate is inventoried, and the assets are distributed according to your wishes—and then, your will becomes a public rec...