What are you looking for? 

Does less valued property avoid probate?

Author Message
Icon Mini Profile fan4jr



Joined: 28 Apr 2008

Posts: 1



1.34 Dollars($)

PostPosted: Mon Apr 28, 2008 8:02 pm    Post subject: Does less valued property avoid probate?

My grandfather died in 1978 with no will and there is property in the desert that my dad lived in for 30 years and has since passed away, I take care of the property taxes and the property, My grandfathers children do not want anything to do with it and they want me to have it, I need to get it out of my grandpa's name. The value was less than 20,000 when my Grandpa died what do I need to do? I am in California
 
image
Icon Mini Profile larry



Joined: 27 Jun 2007

Posts: 2951



411.26 Dollars($)

PostPosted: Mon Apr 28, 2008 11:47 pm    Post subject:

Hi fan4jr,

Welcome to the forum.

If the value is less than $20,000 then you can avoid probate and transferred the title to your name through "Affidavit Re Real Property of Small Value".

But the fact is you have said "The value was less than 20,000 when my Grandpa died". So is it still less than $20,000. May be not. So how much is the value of the property now?

Best of luck,
Larry
 
image
Brenda

Guest







0.10 Dollars($)

PostPosted: Tue Apr 29, 2008 5:36 am    Post subject: Less Valued Property

Thank you for you reply, I would guess the property is still under 20,000 according to the tax record and everything I read says it is what the value was when the ownder deceased.
 
image
Icon Mini Profile Niicss
Niicss


Joined: 03 Oct 2005

Posts: 807



118.37 Dollars($)

PostPosted: Tue Apr 29, 2008 5:43 am    Post subject:

Welcame back,

I think if the property value as you are saying is less than 20000 dollars then you can definitely use Affidavit Re Real Property of Small Value as Larry has mentioned to transfer the title to your name.

Contact with an attorney so that he can help you transfer the title on your name.
 
image
Quick Reply
Your Name
Subject
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights
Helpful References
Mortgage Guide
Mortgage Terminology
Industry News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools
Credit Repair Tool
Mortgage Planner
Simple Budgeting Tool


Community Rewards
Five simple ways to earn money with the Mortgage Community.

MortgageFit Live Help

Explore the lender near you

Google Map Image

MF Talk

 
About Us  | Contact Us  | Privacy Policy  | Testimonials  | Website Tools  | RSS Feeds  | Site Map 
We have chosen to apply the Creative Commons Attribution License to all works we publish.
This work is licensed under cc by 2.0