Dear Len & Rosie,
My husband died unexpectedly. We were separated but not legally separated. We have filed joint income tax returns since 1968. I have his original will signed and dated in 1976 naming me the executor and beneficiary. I covered him for health care benefits under my job for almost ten years until I retired. I didn't think the will needed to be probated.
Our two daughters and I are in agreement that we will evenly split any assets even though the will states they would inherit only if I was deceased. It’s the right thing to do for my daughters. He rented a condo but the title of our house remains in both our names. I'm concerned I may need legal advise at some point. Any advice you can give would be deeply appreciate. I am 68 and feeling overwhelmed.
The fact that you were separated from your husband has no effect on the outcome. You are his surviving spouse, even if he had filed for divorce or legal separation. His estate passes entirely to you because you are named as the beneficiary of his will.
What has to be done depends on how his assets are titled and what they are worth. For example, the home is apparently in joint tenancy with you, so there's no probate needed for that. All you have to do with the home is execute an Affidavit of Death of Joint Tenant and provide it to the County Recorder together with a couple of property tax forms. Do not be concerned about your property tax. The transfer from your husband to you will not trigger a property tax reassessment under Proposition 13.
As for your husband's accounts, what has to happen depends on how each of them are titled and how much they are worth. If his accounts have joint owners or pay on death beneficiaries, then the accounts pass to them. If the accounts are titled solely in his name, you can collect them 40 days or more after his death using small estate declarations under Probate Code section 13101. If they are worth more than that, in total, you’ll have to either file for probate or file a Spousal Property Petition.
You are being very generous to your daughters, but understand that we cannot recommend to you that your transfer your husband’s half of your home to him now. Doing so would make part of your home subject to the claims of your daughters’ creditors. Adding children to the title of your home is almost always a bad idea.
You, or you and your daughters, should sit down with a trusts and estates attorney to review everything and figure out precisely what to do. If there is no probate (it doesn’t sound like your husband has much money) then it will be simple and inexpensive. After that, you should consider your own estate plan. You should probably create a revocable trust to avoid probate.
Len & Rosie
Dear Len & Rosie,