QUESTION
no will no beneficiaries but deceased has heirs
Asked on Feb 01st, 2017 on Wills and Probate - California
More details to this question:
half sister and nephews 401 k and less than $150K physical properties Do we need to go through probate
1 ANSWER
Estate Litigation Attorney serving Redlands, CA
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Price Law Firm, APC
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If the decedent did not name any beneficiaries to the financial accounts, then there will have to be another procedure to transfer the assets to the heirs. An affidavit would work if the total value of all assets is less than $150,000 and there wasn't any real estate owned by the decedent.
Answered on Feb 03rd, 2017 at 4:49 PM