Single, unmarried, Parent passed and left funds in a bank account; adult child not on account. How can the adult child recover the funds from the account?
Answer
If the estate (the account and any other assets in the decedent's name, except automobiles and mobile homes and boats) is less than $150,000 in value, then the child can collect the account using a Small Estate Declaration made under California Probate Code section 240 - google it and you can find a form online.
If the estate is worth more than $150,000, then the child will have to file for probate in the courts.
Answer
Mr. Tillem is correct. You can also ask the bank if they have a specific small estate affidavit that they would prefer.
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