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LegalCornerTM - Probate and Avoiding Probate F.A.Q.'s

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Q.How do you Determine the gross value of an Estate?

A.In California, certain items are excluded from the calculation of a probate estate. Some of these are:

  1. Property held in joint tenancy;

  2. Property held as community property with right of survivorship;

  3. Half of all other community property;

  4. Life insurance and death benefits (assuming that beneficiaries other than the estate are named);

  5. Real property outside of California;

  6. All motor vehicles; and

  7. IRAs and 401Ks with named beneficiaries and Paid On Death accounts.

Copyright 1999-2019 Melissa C. Marsh. All Rights Reserved. All Information on this website is subject to a Disclaimer and Use Agreement. This information is provided as general information only and should not be construed as legal advice. We advise you to seek the advice of competent legal counsel to address your own specific questions, facts and circumstances.