Using California Probate Referees in Trusts, Probate, Small Estates
WHY USE A PROBATE REFEREE? THE ROLE OF THE PROBATE REFEREE; BENEFITS OF USING REFEREIS IN TRUST AND NON-PROBATE MATTERSThe Guide's Table of Contents are here:
WHY USE A PROBATE REFEREE?
THE ROLE OF THE PROBATE REFEREE
BENEFITS OF USING REFEREIS IN TRUST AND NON-PROBATE MATTERS
TRANSFER OF SMALL ESTATES AND SPOUSAL PROPERTY PETITIONS
NEW REQUIREMENT OF VALUATIONS WHENEVER ACCOUNTS ARE REQUIRED TO BE FILED
WHAT IS THE INVENTORY AND APPRAISAL
-Checklist for preparing the Inventory and Appraisal
-What does not go in the Inventory and Appraisal
-What goes on Attachment 1
-What goes on Attachment 2
LISTING PARTICULAR ASSETS
-The importance of complete information
-Vacant, agricultural, condominium, and single family residential
-Residential income producing
-Remainder and reversionary interests
-Closely held corporations
Continued....TANGIBLE PERSONAL PROPERTY
-Miscellaneous/furniture and furnishings
-Motor vehicles/mobile homes/boats
-Livestock and breeding animals
-Portfolio accounts at brokerage firms
-Common and preferred stocks
-Corporate, state and municipal bonds
-US treasury notes and bonds
-GNMA, FNMA, and FHLMC securities
-United States savings bonds
-Inheritances and distributions from trusts
-Patents, copyrights, and royalty interests
-Judgments and ongoing litigation
-Personal injury actions
-Gas and mineral rights
ADMINISTRATIVE ISSUES AND QUESTIONS COMMONLY ASKED
-How long does the appraisal take?
-How do I correct a mistake?
-When do I need a reappraisal for sale?
-What about inheritance taxes?