NONPROBATE TRANSFERS: CONSIDERATIONS FOR ESTATE PLANNING AND ADMINISTRATION
By Danielle E. Miller, Esq. *
Nearly half of all Americansâabout 46 percentâdie with less than $10,000 in financial assets.1 Most Americans with children die without a will.2 While state intestacy laws provide a framework for how a decedent’s assets will be divided among his or her closest relatives, there must still be a process or mechanism in place for transferring any assets remaining after death. This article explores options for transferring assets in California without a probate administrationâboth where the decedent dies intestate, and where leaving a will and/or trust.
II. METHODS FOR TRANSFERRING ASSETS AT DEATH WITHOUT PROBATE OR A FUNDED TRUST TO CONSIDER DURING THE ESTATE PLANNING PROCESS