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Agreement between Heirs and Third Party Claimant as to Division of Estate Form

Agreement between Heirs and Third Party Claimant as to Division of Estate Form

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Instructions and help about Agreement Between Heirs And Third Party Claimant As To Division Of Estate

The California administration and distribution of estate assets can raise many questions. And, families faced with these questions seek answers. Wills, trusts, insurance policies, bank accounts and securities are subject to different laws. This video is about intestate estates, those where the person has died without a will. I’ll use this fictionalized account to explain how intestate heirs may divide estate assets by agreement. Mom, a widow, dies without a will. At the time of her death, Mom owns a Castro Valley house in Alameda County. The house is titled solely in her name. The house is free and clear of a mortgage. It is valued at $840,000. Mom also has $700,000 in a Fremont Bank savings account. The bank account is in Mom’s name alone. Beth, Margo and Vic, mom’s three children, survive her. Beth works for Apple in Cupertino and owns $7 million in Apple stock options. Beth has a home in Los Gatos that is valued over $1.6 million. Margo is a Middle School Teacher in the Fremon

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