Is it Worth it to File a Small Estate Affidavit to Collect Checks of the Deceased?
Full Question:
Answer:
It will be a matter of personal judgment whether to pursue recovery of the funds, based upon the value of the funds involved. A small estate affidavit is not a very long or complicated form to complete and we charge under $20 for such a form. Please preview the forms at the links below. In California, if the value of a decedent's estate doesn't exceed $100,000, the small estate procedures may be used to collect and distribute the assets of the estate. An heirship affidavit may be used in place of letters of administration. If the value of the estate does not exceed $20,000, a set aside for the spouse and children may be applied for.
Please see the information at the following links:
http://www.leginfo.ca.gov/cgi-bin/displaycode?section=prob&group=13001-14000&file=13100-13116
http://www.leginfo.ca.gov/cgi-bin/displaycode?section=prob&group=06001-07000&file=6600-6615
http://www.leginfo.ca.gov/cgi-bin/displaycode?section=prob&group=13001-14000&file=13200-13210