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CR 265 Order on Petition for Determination of Eligibility for Form

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CR 265 Order on Petition for Determination of Eligibility for Form

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hi i'm daniel hunt a certified specialist in estate planning trust and probate law what happens when a trustee dies without transferring all of their assets into their revocable living trust [Music] this happens more often than it should usually when a trustee either forgets to transfer an asset into their trust or fails to do so properly if the asset value exceeds the probate limit their successor may need to file a california probate in order to reclaim the asset but to save time and money consider using a petition under probate code section 850 also known as a heggstead petition what is an 850 petition an 850 petition can be used when an asset is left out of a decedent's revocable living trust this may occur when the asset has not been appropriately titled in their trust even though the trust settler intended the asset to be covered by the trust one common example is a trustee who refinances their home mortgage lending companies usually take a home out of a trust nam

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