Memorandum For Distribution Of Personal Property

State:
Multi-State
Control #:
US-03281BG
Format:
Word; 
Rich Text
Instant download

Description

In some jurisdictions, a memorandum of sale is sufficient where it is signed by the auctioneer on behalf of the seller. In other jurisdictions, however, statutes require that both the auctioneer and the purchaser sign the memorandum. Counsel should consult the statutes and regulations of his or her particular jurisdiction in order to ascertain the requirements as to signing the memorandum.


This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

How to fill out Memorandum Of Sale Of Personal Property By Buyer In An Auction Of Property In A Storage Unit?

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FAQ

A personal property memorandum is designed to cover who should receive items owned that don't have an official title record. It's not a legal document on its own and doesn't need to be signed in front of witnesses like a will. It becomes legally binding when referenced in your will or trust.

This instrument is utilized to instruct your Executor to distribute certain pieces of personal property to named individuals and requires only your signature and date.

Under California probate laws, a person may use what is commonly called a "personal property memorandum" to direct disposal of smaller personal items and assets after passing. See California Probate Code, § 6132.

In court proceedings, attorneys are asked by courts to submit memoranda to try to convince the court how relevant law and case holdings support their arguments on particular issues. Such memoranda are often called persuasive memos.

Instead of redoing your entire will, you may be able to create a Memorandum of Tangible Personal Property to list gifts you'd like to make. "Tangible personal property" includes physical objects that belong to you and can be given to someone else, such as jewelry, furniture, art, collectibles, etc.

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Memorandum For Distribution Of Personal Property