Memorandum For Distribution Of Personal Property
Description
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.
