Full question:
Mother died March 17,2010.Has a trust of $3351.73 no other properties or moneys. check is payable to 'the estate of x c/o Helder Silva. Bank retires Tax id for the estate and certified copy of the court issued letters of administration issued 90 days.I have obtained tax id from my CPA. How I go about doing thousand can I do it myself.
- Category: Wills and Estates
- Subcategory: Small Estates
- Date:
- State: California
Answer:
When a person dies, their assets typically go through the probate process. If there is a valid will, an executor is appointed to manage the estate. If there is no will, the court appoints an administrator to distribute the assets according to state intestacy laws.
In your case, since your mother had a trust with a small amount of money and no other properties, it may qualify for a simplified process. Trust assets usually pass outside of probate. If the estate is small, you might be able to use a small estate administration process instead of formal probate. In California, for example, if the estate's value is under $100,000, you can use simplified procedures, such as an heirship affidavit, instead of letters of administration. An attorney is not required for this.
I recommend consulting a local attorney to review your specific situation and documents, as they can provide guidance tailored to your circumstances.
This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.