Legal Question in Wills and Trusts in California

Tenants in Common

What to do when both tenants in common are deceased?

They had a financial account at Smith Barney.


Asked on 11/28/07, 3:46 pm

2 Answers from Attorneys
George Shers Law Offices of Georges H. Shers

Re: Tenants in Common

Check with the brokerage as to whether they set up any plan for the funds to be withdrawn. Is it in a trust? If less than $100,000 total value of the estate then it does not have to be probated unless that is the only way to get the funds released. Find out what Smith Barney requires.

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Answered on 12/03/07, 2:50 pm
Mitchell Roth MW Roth, Professional Law Corporation

Re: Tenants in Common

The property has to be probated.

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Answered on 11/28/07, 5:44 pm


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