New Comprehensive Legal Service for Decease Parent to Child Transfers of California Real Property by Mark W. Bidwell
Huntington Beach, CA (PRWEB) December 31, 2015 -- Mark W. Bidwell, an attorney located in Orange County, California announces new comprehensive legal services for children to obtain ownership of a deceased parent’s real property. Legal services provided are trust transfer, “Affidavit Real Property of Small Value,” “Petition to Determine Succession to Real Property” and probate.
Probate is the transfer of decedent’s assets to his or her heirs under the supervision of a Superior Court of California. Assets are transferred as directed by Will or by California laws of intestacy. Probate requires at a minimum two court hearings, three court orders and a minimum of one year to complete.
To sell real property in Probate it is best to take advantage of the Independent Administration of Estates Act (the “IAE Act”). The IAE Act permits the sale of real property without an additional court hearing and court order. The IAE Act saves valuable time.
Real property owned by a trust on death of a parent avoids probate and can be completed in days. Two documents are needed; an “affidavit of death” and a “Deed.” Mark W. Bidwell prepares the affidavit of death and deed for signature by client. These documents are then submitted to County Recorder to update the public record of ownership change.
Mark W. Bidwell takes advantage of California law allowing for probate shortcuts of real property with a market value less than $150,000. Real property less than $50,000 in market value may be transferred by an “Affidavit Real Property of Small Value.” This Affidavit does not require a court hearing. In Southern California this procedure is available for land and timeshares.
Real property owned by a deceased parent with a market value greater than $50,000 but less than $150,000 may be transferred with a “Petition to Determine Succession to Real Property.” Only one court hearing is needed and this probate short cut takes months instead of the year needed in formal probate administration.
Mark W. Bidwell provides comprehensive legal services for children to obtain ownership of a deceased parent’s real property. Four procedures are available depending on how the real property was owned and its market value; 1) trust transfer, 2)“Affidavit Real Property of Small Value,” 3) “Petition to Determine Succession to Real Property” and 4) probate.
This press release is provided by Mark W. Bidwell, a licensed California attorney. Office is located at 4952 Warner, Suite 235, Huntington Beach, California 92649. Phone is 714-846.2888. Website is http://www.BidwellLaw.com
Mark Bidwell, Deedandrecord.com, http://www.deedandrecord.com, +1 714-846-2888, [email protected]
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