A California statute which defines the level of authority an executor or administrator of an estate is granted in administering the estate, especially with regard to the sale of real estate with or without court supervision.
A form of ownership in which property is jointly owned by two or more persons, and when one joint owner passes away, their ownership interest automatically passes in equal shares to the other joint owners.
A legal document ordered by a probate court which recognizes a person as the administrator of a decedent’s estate and which grants that person the authority to administer the estate. Many entities, such as banks, will require an administrator to present them with...
A legal document ordered by a probate court which recognizes a person as a special administrator of a decedent’s estate and which grants that person the authority to take certain limited acts on behalf of the estate until permanent letters of administration are...
A legal document ordered by a probate court which recognizes a person as the executor under a decedent’s will and which grants that person the authority to administer the estate. Many entities, such as banks, will require an executor to present them with letters...
A provision in a will or trust which is designed to prevent people from challenging the terms of the will or trust by imposing the risk that a challenger will lose everything that they would otherwise receive under the will or trust.
A written notice which a trustee may provide to all the beneficiaries before the trustee takes some action, particularly when the trustee is concerned about how the beneficiaries might react to the proposed action.
A written notice which the personal representative of an estate must provide to known creditors of the decedent, which then allows the creditors to file a claim against the estate within a certain amount of time.
All living individuals in the closest level of consanguinity to the decedent receive an equal share of the assets from a will or trust. If any individual at that level of consanguinity is deceased, then their share is divided equally among the other members at that...
