Notifying the assessor’s office of the passing of a loved one who owned real property
If your loved one owned real property, or an interest in, not owned in the name of the Trust, then the Trustee must file an appropriate affidavit.
Articles about Real Estate
How to deal with real property that is outside of trust when a person passes away?
If real property does not exceed $50,000 gross (not very typical in California, except in the case of timeshares), then the property need not go through a full formal probate. Instead, a simplified Affidavit Procedure is available to the personal representative of the estate. Under this procedure, the personal representative must wait 6 months from the date of death and then file an “Affidavit Regarding Real Property of Small Value” with the clerk of the superior court in order to transfer the property to the trustee of the trust. Using this procedure, the value of the decedent’s personal property does not matter.
Four Ways to Handle Real Estate Under a California Estate Plan
Four Ways to Handle Real Estate Under a California Estate Plan.For more information please call or email our office today.
Deciding Whether to Use the IAEA to Sell Real Estate During an Estate Administration
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How to Mortgage Real Estate as the Trustee of a Trust
How to Mortgage Real Estate as the Trustee of a Trust. We encourage you to check out the positive feedback on our client testimonials page today.