Declaration Re Small Estate of Less Than $150,000 is a legal document that was released by the Superior Court - City and County of San Francisco, California - a government authority operating within California. The form may be used strictly within County of San Francisco.
Q: What is a small estate?
A: A small estate is an estate that has a total value of less than $150,000.
Q: What is the purpose of the Declaration Re Small Estate?
A: The purpose of the Declaration Re Small Estate is to simplify the process of transferring assets of a deceased person with a small estate.
Q: Who can use the Declaration Re Small Estate?
A: The Declaration Re Small Estate can be used by the heirs or beneficiaries of a deceased person's small estate.
Q: Do I need to go through probate if I use the Declaration Re Small Estate?
A: No, if you use the Declaration Re Small Estate, you may not need to go through the formal probate process.
Q: How do I determine if an estate is a small estate?
A: To determine if an estate is a small estate, you need to calculate the total value of the assets, excluding certain exempt assets and debts.
Q: What assets can be included in a small estate?
A: Assets that can be included in a small estate may include bank accounts, real estate, vehicles, and personal property.
Q: What assets are exempt from being included in a small estate?
A: Certain assets, such as life insurance proceeds and retirement accounts with designated beneficiaries, may be exempt from being included in a small estate.
Q: Are there any debts that should be excluded when calculating the value of a small estate?
A: Yes, certain debts, such as mortgages and other liens, should be excluded when calculating the value of a small estate.
Q: What do I do after completing the Declaration Re Small Estate form?
A: After completing the Declaration Re Small Estate form, you may need to submit it to the county clerk's office and provide any additional required documentation.
Form Details:
Download a printable version of the form by clicking the link below or browse more documents and templates provided by the Superior Court - City and County of San Francisco, California.