California Real Property Transfers for Small Estates
Real property less than $50,000
California law has a shortcut, or expedited probate procedure for real property less than $50,000 in value known as “Affidavit Real Property of Small Value.” This procedure is primarily available for timeshare estates and land away from the coast.
Real property less than $150,000
On death a parent or relative with an estate less than $150,000 the heirs can obtain ownership of real property with one court order of “Succession to Real Property.” Succession to real property avoids lengthy and costly large estate probate administration and saves heirs time, money, and stress.
Mark W. Bidwell, Attorney at Law and CPA, Inactive, in Orange County California
4952 Warner Avenue, Suite 235, Huntington Beach, California 92612
Education: Undergraduate degree from the University of Colorado, Boulder; Graduate school at the University of California, Los Angeles; Juris doctorate degree from Loyola Law School, Los Angeles.
Estate Planning Steering Committee, Orange County‑Long Beach Chapter of CPAs
Newport Harbor Bar Association Board Member
Former adjunct professor for Pepperdine University
Former lecturer for the California CPA Education Foundation
Former Coach for American Youth Soccer Organization (AYSO) and National Junior Basketball (NJB)