Legal Question in Wills and Trusts in California

There is a Will and 2 heirs, to split evenly the whole estate. The will mentions a safe deposit box, by number and bank. However, the safe deposit is in the name of decedent and one heir, only, at the bank. The will was there along with stocks and bonds. Are those assets part of the estate to split, or property of the named person on the box record?


Asked on 3/06/16, 8:40 am

1 Answer from Attorneys
Aaron Feldman Feldman Law Group

It depends. Are the stocks and bonds in joint names or just in the name of the decedent? Are the total assets of the decedent in excess of $150,000 (including the stocks and bonds)? If so, a formal Probate may need to be opened. You should consult with an attorney to review the actual Will and advise you more specifically.

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Answered on 3/06/16, 9:28 am


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