California Assets Without A Will

Category:
State:
California
Control #:
CA-P086-PKG
Format:
Word; 
Rich Text
Instant download

Description

With this Organizing your Personal Assets Package, you will find the state specific forms that are necessary to organize your personal and financial affairs and achieve your financial goals. This package contains forms that are essential for analyzing your budget and planning for your spending and savings needs. Forms included also allow you to organize your important documents, ensure accurate record-keeping, and minimize time and expense involved in dealing with emergency situations. If purchased separately, these forms would be valued at $97.50. Save over 48%!


Included in your package are the following forms:


Cash Flow Statement


Retirement Cash Flow


Personal Monthly Budget Worksheet


Personal Property Inventory


Personal Planning Information and Document Inventory Worksheets - A Legal Life Document


General Durable Power of Attorney for Property and Finances Effective upon Disability


Sample Letter for Request for Credit Report


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FAQ

In the unfortunate event someone passes away without a will, if there is a surviving spouse in most cases they will inherit 50% of the separate property, while the remaining 50% will pass to the deceased's children, parents, siblings, and other relatives - ing to California's intestate succession law.

You must go to court and start a probate case. To do this, you must file a Petition for Probate (form DE-111. ... NOTE: If there is no will and a court case is needed, the court will appoint an administrator to manage the estate during the probate process.

If there were no parents, then the decedent's sibling or siblings would get half of their separate property, and the spouse would get the other. When there are no children, parents, or siblings, the law looks for additional relatives, including nieces or nephews, grandparents, aunts or uncles, cousins, and others.

If you die without a valid will, the probate court will distribute your assets in ance with California's intestate succession law. Intestate succession law attempts to distribute property roughly based on next of kin, except with respect to out-of-state real estate.

In the unfortunate event someone passes away without a will, if there is a surviving spouse in most cases they will inherit 50% of the separate property, while the remaining 50% will pass to the deceased's children, parents, siblings, and other relatives - ing to California's intestate succession law.

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California Assets Without A Will