In California, if the Decedent had less than $166,250 in personal and real property combined, you can collect the assets without a full estate administration. The manner that you will collect the small estate will depend on the type of property the Decedent left. Each of these methods is intended to be much less costly and quicker than a full estate administration. Please note that each of these summary procedures have limited use. If you are doing any of these procedures
A recent California Court of Appeal decision, Carne v. Worthington (4/13/16), shows how disputes over trusts can happen if one is not careful in executing and recording property deeds to transfer property into a trust. Had the decedent merely recorded the proper deed his estate could have saved years of litigation time and tens of thousands in litigation costs.
This case involved a dispute over the ownership of real property located on Via Regla formerly owned by decedent
The untimely passing of music superstar Prince was a shock to all who grew up with his music. As an attorney, one of the first things you assume is that he most certainly had extensive estate planning. He was surrounded by attorneys and money managers who would have pressured him to plan. Prince owned copyrights to his music, had a valuable public brand and name, and had an estate large enough to be subject to estate tax.
The Los Angeles Times reported that Prince's est