California Affidavit For Collection Of Personal Property

What is California Affidavit For Collection Of Personal Property?

The California Affidavit For Collection Of Personal Property is a legal document used by heirs or beneficiaries to legally claim personal property belonging to a deceased individual. It is often required by financial institutions, government agencies, or creditors to transfer assets to the rightful heirs.

What are the types of California Affidavit For Collection Of Personal Property?

There are two main types of California Affidavit For Collection Of Personal Property: Affidavit for Collection of Personal Property Worth $150,000 or Less, and Affidavit for Collection of Personal Property Worth More Than $150,000. Each type is used depending on the total value of the deceased individual's assets.

Affidavit for Collection of Personal Property Worth $150,000 or Less
Affidavit for Collection of Personal Property Worth More Than $150,000

How to complete California Affidavit For Collection Of Personal Property

To complete the California Affidavit For Collection Of Personal Property, follow these steps:

01
Gather all necessary information and documents related to the deceased individual's assets.
02
Fill in the required information on the form, including details about the deceased individual, the value of the assets, and the heirs or beneficiaries.
03
Sign the affidavit in front of a notary public to make it legally binding.
04
Submit the completed form to the appropriate parties, such as financial institutions or government agencies.

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Video Tutorial How to Fill Out California Affidavit For Collection Of Personal Property

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Questions & answers

Probate Code §§ 13100 – 13115 provide for a summary procedure to transfer the personal property of a decedent without going through a probate action if the decedent's estate is valued at less than $150,000 and at least forty (40) days have elapsed since the death of the decedent.
California Small Estate Affidavit (Affidavit for Collection of Personal Property) Create a high quality document online now! A California small estate affidavit, or “Petition to Determine Succession to Real Property,” is used by the rightful heirs to an estate of a person who died (the “decedent”).
Legally, you are not required to have the affidavit notarized BUT many institutions will ask you to, so it is a good idea to notarize it before you try to use it to transfer the property. 4. If there are other people entitled to inherit the property, they MUST also sign the affidavit.
updated May 02, 2022 · 2min read. An affidavit is a written statement, sworn to be true, that can be used as evidence in legal proceedings.
A California small estate affidavit, or “Petition to Determine Succession to Real Property,” is used by the rightful heirs to an estate of a person who died (the “decedent”). The total net value of the estate cannot be more than $184,500 for it to qualify under this process and bypass probate.
Obtain and complete the California small estate affidavit. You must obtain the form used by the probate court in the county where the deceased was a resident. You can obtain it in person or by accessing your court's self-help center online and downloading the form there.