Small Estate Affidavit California Bank Of America

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What is small estate affidavit california bank of america?

A small estate affidavit in California is a legal document that allows designated individuals to distribute assets of a deceased person without going through the probate process. It is specifically used for estates with a total value of $150,000 or less, excluding the value of real estate. Bank of America is a financial institution that offers banking services, including assistance with estate matters.

What are the types of small estate affidavit california bank of america?

Bank of America provides various types of small estate affidavit services depending on the specific requirements of the estate. Some common types include individual/small estate affidavits, joint account/small estate affidavits, and trust/small estate affidavits. These options cater to different estate situations and help streamline the asset distribution process.

Individual/Small Estate Affidavit
Joint Account/Small Estate Affidavit
Trust/Small Estate Affidavit

How to complete small estate affidavit california bank of america

Completing a small estate affidavit with Bank of America involves the following steps:

01
Gather the necessary documentation, such as death certificate, asset information, and identification.
02
Download the small estate affidavit form from Bank of America's website or visit a branch to obtain a physical copy.
03
Carefully fill out the form, providing accurate details about the deceased person, assets, and beneficiaries.
04
Ensure all required information is included and sign the affidavit in the presence of a notary public.
05
Submit the completed affidavit to Bank of America, following their specific instructions.
06
Upon verification, Bank of America will assist in the distribution of assets according to the legal requirements.

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