VA Small Estate Act Affidavit 2016-2024 free printable template
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Hi everybody its Andy and welcome again to my office in Los Altos California I'm an attorney licensed to practice law in California as well as New York In this video I'm going to talk about California's small estate affidavit procedure Now if you're looking at video like this you probably are in a situation where for instance somebody has passed away, or you know you've been approached by somebody saying 'Hey you know my relative passed away etc' and you're wondering whether the small estate affidavit procedure can work in your particular situation So umfor those of you who don't know actually I take that back I'll start from the very, very beginning So when somebody passes away either by natural causes or by accident you know victim of violent crime etc they generally will have to have their affairs winded or wound up I guess So for instance they have to have you know who gets their stuff that has to get decided any debts that they had you know at the time of their death those have to get paid off hopefullyThere's a lot of stuff like you know the probate process in the US is designed to handle that Maybe you've had to participate in that where maybe your parents passed away you know your grandparents passed away something like that If you have not participated in it yourself hopefully you've seen a lot of oft shows or movies or something where there's like a scene where somebody'passed away and all these relatives gather, and they're all long-faced addressed in black and stuff in the lawyer's office for the lawyer to kind of go over the will and read it out to them and so on That's kind of the basic idea that you know something has to get done a LOOF work has to get done when somebody passes away So secondary to that however there are many types of processes that can happen when somebody passes away depending on for instance what they leave behind you know what property they leave behind how much it's worth and so on There could be something done called a Summary Administration I'm going to write that over here Summary administration or summary proceeding As good as I know I haven't checked every state every country for example Inmost states possibly in every state in the US there is a summary administration proceeding if somebody dies and leaves stuff worth below a certain threshold value So in California that threshold value is a hundred and fifty thousand dollars So um if you know is somebody passes away they had some stuff, but they didn't have a lot of stuff it'possible that you can basically do their probate through what's called summary administration or a summary proceeding That is beneficial because it's cheaper faster doesn't go through court at all So summary administration applies in some situations but again like I said it applies in situations where you know the person who passed away left below a certain dollar value worth of stuff In California it depends on whether the decedent left real estate also like if they owned real...
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