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San Joaquin County Transfer Tax Affidavit 2015

San Joaquin County Transfer Tax Affidavit 2015-2024 Form

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in the cases where the total personal property assets that need to be transferred in a decedent's estate are worth less than $100,000 California has a simplified procedure for beneficiaries to take ownership of them this procedure is available whether or not a decedent had a legally valid will or trust plus in calculating the hundred thousand dollar limit assets that would otherwise avoid probate are also excluded so in other words assets held in a trust a joint tenancy account life insurance paid directly to a beneficiary and the like are not counted when totaling the aggregate fair market value of the decedent's assets that need to be below $100,000 in order to fit within this exception if an estates assets do qualify for this summary procedure though an affidavit must be prepared and sworn to by the beneficiary of those assets one thing to recognize is if you want to use this procedure you should know that there is no requirement to notify the decedent's creditors like there is an a

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