Legal Question in Wills and Trusts in California
small estate affidavit
if you file for a small estate, how do
you pay the bills? There is about
25,000 in stocks, 6,000 in the bank
& a final paycheck plus a car & a
motorcycle but about 45,000 in debt
plus whatever amount the bank will
ask for due to house foreclosed.
thanks.
1 Answer from Attorneys
Re: small estate affidavit
If the house is not yet foreclosed on, then it is still part of the estate. Regardless of the amount of debt, you have to account for the total value of the assets.
I will need more information, but you may still need to start a Probate. Our office specializes in this situation, so if you would like to disucuss your options in a private forum, please feel free to contact me directly at the email address provided by LawGuru or through our firm�s website located at PasadenaEstatePlanning.com
IMPORTANT:
No attorney-client nor confidential relationship is created through this communication. You may not rely in any way on this communication, and nothing herein constitutes legal advice nor legal opinion. Your issue may be time-sensitive and may result in a loss of rights if you do not obtain an attorney immediately.
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