California Trust Probate Code Form 13100

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State:
Multi-State
Control #:
US-00737BG
Format:
Word; 
Rich Text
Instant download

Description

The California trust probate code form 13100 is a legal document utilized for establishing a nominee trust in California. This form empowers the Trustee to manage property and interests held in trust for the benefit of specified beneficiaries. Key features of this form include the definition of Trustees and Beneficiaries, the duties and powers of the Trustee, and procedures for amendments and terminations of the trust. It outlines that Trustees may acquire, manage, and distribute the trust's assets according to the beneficiaries' directives, while also emphasizing their limited personal liability. Filling out the form requires attention to detail regarding beneficiary interests and the completion of any necessary schedules. It is vital for users to accurately record any changes with designated county officials to ensure enforceability. Attorneys, partners, owners, associates, paralegals, and legal assistants will find this form essential for estate planning and trust management, as it clarifies roles, responsibilities, and protection against personal liability in trust transactions.
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FAQ

Ing to the California probate code §§890, 13000 - to be considered a small estate and avoid probate, the total value of all real property and personal property cannot exceed $184,500.

Section 13101 - Affidavit or declaration furnished holder of decedent's property (a) To collect money, receive tangible personal property, or have evidences of a debt, obligation, interest, right, security, or chose in action transferred under this chapter, an affidavit or a declaration under penalty of perjury under ...

13103. If the estate of the decedent includes any real property in this state, the affidavit or declaration shall be accompanied by an inventory and appraisal of the real property. The inventory and appraisal of the real property shall be made as provided in Part 3 (commencing with Section 8800) of Division 7.

Section 13050 - Property excluded in determining property of estate of decedent (a) For the purposes of this part: (1) Any property or interest or lien thereon that, at the time of the decedent's death, was held by the decedent as a joint tenant, or in which the decedent had a life or other interest terminable upon the ...

This form may be used to collect the unclaimed property of a decedent without procuring letters of administration or awaiting probate of the decedent's will if you are entitled to the decedent's property under Section 13101 of the California Probate Code.

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California Trust Probate Code Form 13100