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California Banking Questions & Answers
1 Answer | Asked in Probate, Real Estate Law and Banking for California on
Q: House Deed, home Appraisal, avoid probate, personal property, which order do I do these things in?

So my father passed away almost 40 days ago. The estate including personal property should be less than 150k (California) so not going through probate. I need to get the deed of the house transfered to my name. My father also had a bank account with about 10k. I'm wanting to use an affidavit... View More

Bruce Adrian Last
Bruce Adrian Last
answered on May 3, 2017

Dear La Puente:

You will need to get your appraisal done first, as it will set the date of death value from which you will calculate the total value of the estate. You do not need the property transferred to you first.

I would suggest using a California Probate Referee, as they do...
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2 Answers | Asked in Banking, Contracts and Consumer Law for California on
Q: Is a "Retail Installment Sale Contract" a proof of purchase of a car?

I completed the "Retail Installment Sale Contract" with a Hertz Rent to Buy on 4/28/17. Changed over my insurance that same day, gave downpayment check and drove home in the car. Is the car legally mine and sold to me?

Ali Shahrestani,
Ali Shahrestani,
answered on May 2, 2017

It sounds like you have an effectuated contract, but make sure the title was signed over to you and that you register the car at DMV in your name. More details are necessary to provide a professional analysis of your issue. The best first step is an Initial Consultation with an Attorney. You can... View More

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1 Answer | Asked in Banking, Probate and Small Claims for California on
Q: Small Estate Affidavit

Okay, I know without a doubt that my father's estate is a less than 150k. So I won't need to go through probate. websites like Zillow and others confirm the houses value.

My question is, when I go into chase bank when the 40 days are up, are there any other documents I need with... View More

Richard Samuel Price
Richard Samuel Price
answered on Apr 28, 2017

To clarify, the procedure to collect property worth less than $150K is only for personal property. It cannot transfer real property (like a house). But this only applies if all the property, real and personal, is worth less than $150K.

Whenever there is real property you must use some...
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1 Answer | Asked in Family Law, Banking and Elder Law for California on
Q: What do I need to do to get a power of attorney to manage my mothers affairs?

She is currently in a skilled nursing facility following an illness, and they are telling me she can't manage her own affairs any more. What do I need to do to get a power of attorney in California? I live in Colorado, and will be in California to see her Thursday April 27 through Monday May 1.

Sally Bergman
Sally Bergman
answered on Apr 23, 2017

If your mother lacks mental capacity, she cannot execute a power of attorney and a conservatorship might be required. Does she have any other estate planning documents? There are many issues involved here that should be discussed with an elder law attorney. Many will offer you a free telephone... View More

2 Answers | Asked in Banking and Probate for California on
Q: my son past away recently i am over my head of what to or where to start with his bank acc,pay check, pension,dmv,life i
Ali Shahrestani,
Ali Shahrestani,
answered on Apr 18, 2017

You may need to hire an attorney to handle these issues. More details are necessary to provide a professional analysis of your issue. The best first step is an Initial Consultation with an Attorney. You can read more about me, my credentials, awards, honors, testimonials, and media appearances/... View More

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1 Answer | Asked in Banking, Collections and Consumer Law for California on
Q: when collection agencies sell an account will it disappear on your credit report?

There was a collections account posted on my report. I have not paid on it. It was recently removed and I would like to know why? Will it reappear on my report? Is it in the process of transferring between agencies? Am i basically in the clear?

Ali Shahrestani,
Ali Shahrestani,
answered on Apr 18, 2017

Credit reports may stop listing certain accounts or judgments after a period of time, but that doesn't mean you're necessarily cleared of any related legal liability. More details are necessary to provide a professional analysis of your issue. The best first step is an Initial... View More

1 Answer | Asked in Banking and Business Formation for California on
Q: Is it required that officers and/or Directors of California banking institutions reside in California?
Ali Shahrestani,
Ali Shahrestani,
answered on Mar 3, 2017

I see no legal basis for that. This answer does not constitute legal advice; make any predictions, guarantees, or warranties; or create any Attorney-Client relationship.

3 Answers | Asked in Banking, Business Formation, Business Law and Criminal Law for California on
Q: Business partner has raised $$$$ for our biz. But spent it on personal, without putting into company account. Need help!

Me and my business partner together met people interested to loan money in our company. He later received money from them and spent it away on his personal stuff. He later setup the business account in the bank with just 10% of the money. He claims his expenses were legitimate, but not giving any... View More

Amir Sam Dibaei
Amir Sam Dibaei
answered on Feb 22, 2017

There are a few facts missing. How is your partnership structured? Are you also liable for the loan?

Assuming you were partners and you are also liable for the loan you would have a cause of action for conversion, fraud, breach and possibly breach of fiduciary duty.

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1 Answer | Asked in Banking and Consumer Law for California on
Q: In California are banks required to provide restrooms for the use of the public? Please site the applicable code.
Ali Shahrestani,
Ali Shahrestani,
answered on Feb 18, 2017

See: http://smallbusiness.chron.com/rules-regulations-business-public-restrooms-68740.html

More details are necessary to provide a professional analysis of your issue. The best first step is an Initial Consultation with an Attorney. You can read more about me, my credentials, awards,...
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1 Answer | Asked in Banking, Business Law and Consumer Law for California on
Q: Can "CFNA" ("Credit First") credit card company demand payment solely via bank-to-CreditFirst (internal) ROUTING?

Just a month ago, a local San Diego "Firestone" tires shop secured for me (via their shop phone) a circa $1000 "CFNA" (Credit First) credit card to pay for vehicle repairs on my Ford van. Good. Great. Very nice. However, now CFNA has told me that they will accept my first... View More

Ali Shahrestani,
Ali Shahrestani,
answered on Feb 16, 2017

What are the terms to which you agreed when applying for and/or accepting this credit card? More details are necessary to provide a professional analysis of your issue. The best first step is an Initial Consultation with an Attorney. You can read more about me, my credentials, awards, honors,... View More

1 Answer | Asked in Banking, Consumer Law and Foreclosure for California on
Q: Law suits against Wels Fargo

Good afternoon,

My question is what is the statute of limitations for a law suit against a bank? My mom lost our home due to employees stealing from her. They stole my moms mortgage payment or payments not too sure on that. She lost our house due to that problem. But she has proof of... View More

Ali Shahrestani,
Ali Shahrestani,
answered on Feb 15, 2017

See: http://www.courts.ca.gov/9618.htm

More details are necessary to provide a professional analysis of your issue. The best first step is an Initial Consultation with an Attorney. You can read more about me, my credentials, awards, honors, testimonials, and media appearances/ publications...
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1 Answer | Asked in Banking, Business Law and Consumer Law for California on
Q: Can the bank keep money used to cover a check from another account even if the check never went through?

I had paid my utility bill using my personal account, and didn't realize that I didn't have the full sum in that account. When the check began to process, the bank pulled money from my joint account with my husband to cover the amount that was overdrawn in my personal one. The amount in... View More

Ali Shahrestani,
Ali Shahrestani,
answered on Feb 12, 2017

Have a lawyer review the transaction carefully. Your details are a bit vague. Your banking terms and conditions should clarify your questions. Similarly your agreement with the utility company should also be reviewed. More details are necessary to provide a professional analysis of your issue. The... View More

2 Answers | Asked in Banking and Consumer Law for California on
Q: I am an authorized signer on The bank account of my late grandmother. Can I write a check?

I am also a benificary and trustee.

Ali Shahrestani,
Ali Shahrestani,
answered on Feb 12, 2017

Quite possibly, yes, but have a lawyer review the estate documents. More details are necessary to provide a professional analysis of your issue. The best first step is an Initial Consultation with an Attorney. You can read more about me, my credentials, awards, honors, testimonials, and media... View More

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1 Answer | Asked in Banking, Stockbroker Fraud, Business Law and Contracts for California on
Q: Is there a Cali law citing investment brokers or persons with SEC license owe"duty of care" to disclose material info.

Investment broker recommends an investment that turns out to be a fraudulent scheme and broker knew or should have known the project was a scam.

Ali Shahrestani,
Ali Shahrestani,
answered on Feb 12, 2017

You may be able to sue for negligence, if not fraud (since you say the broker "knew"). More details are necessary to provide a professional analysis of your issue. The best first step is an Initial Consultation with an Attorney. You can read more about me, my credentials, awards, honors,... View More

1 Answer | Asked in Banking and Landlord - Tenant for California on
Q: What does a landlord do with your bank account details on the application form?

A potential landlord has told me he looked into my bank account and saw my balances however he is still asking for statements.

Ali Shahrestani,
Ali Shahrestani,
answered on Feb 10, 2017

This may be part of a rental application to verify your assets. See: http://www.dca.ca.gov/publications/landlordbook/looking.shtml

More details are necessary to provide a professional analysis of your issue. The best first step is an Initial Consultation with an Attorney. You can read more...
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2 Answers | Asked in Banking for California on
Q: How hard is it to add a person to my mortgage?
Ali Shahrestani,
Ali Shahrestani,
answered on Feb 7, 2017

You'll have to seek a modification of the terms of the mortgage with the bank, which will potentially lead to a loan refinance. More details are necessary to provide a professional analysis of your issue. The best first step is an Initial Consultation with an Attorney. You can read more about... View More

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1 Answer | Asked in Banking and Consumer Law for California on
Q: can my bank get into trouble for lying to me about The availability of funds?
Ali Shahrestani,
Ali Shahrestani,
answered on Feb 7, 2017

If they in fact lied to you, they may have committed fraud and violated various banking and Business & Professions laws. More details are necessary to provide a professional analysis of your issue. The best first step is an Initial Consultation with an Attorney. You can read more about me, my... View More

2 Answers | Asked in Banking for California on
Q: I'd like to sell my son's house

- but my daughter in law hasn't paid the mortgage in a couple of months. Am I still allowed to put it on the market?

Ali Shahrestani,
Ali Shahrestani,
answered on Jan 18, 2017

Do you own the house? More information is needed here. If the mortgage falls into default, of course it could become quite difficult to sell the house with that on the record. The best first step is an Initial Consultation with an Attorney. You can read more about me on my law practice website.... View More

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2 Answers | Asked in Consumer Law, Family Law and Banking for California on
Q: Fight Bank of America? BOA sponsors my wife's drinking habits, which does damage to myself and my kids

My wife has not worked until recently for the last 8-10 years, but got 10K credit line from BOA (we used her card to pay for vacations). When kids were born 6 yrs ago she developed strong drinking habits, but very time I tried to restrict her access to our bank account she were getting out HER... View More

Ali Shahrestani,
Ali Shahrestani,
answered on Jan 14, 2017

You can't dictate others' spending habits, but you may be able to file for custody rights based on her drinking issues. If you're still married, you may consider signing a separate property agreement with her to keep her debts separate from yours. The best first step is an Initial... View More

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1 Answer | Asked in Banking, Business Formation, Business Law and Contracts for California on
Q: Loan to LLC

Can I give a loan with reasonable interest to my own LLC? I would fund the loan with my own personal money and my LLC would pay me back over time with funds from business earnings. Would I need a promissory note or other document for this?

Zaher Fallahi
Zaher Fallahi
answered on Dec 24, 2016

Generally, an LLC is a separate entity and you should adhere to all formalities in dealing with it. The information presented herein is for general purposes only. It is not intended to, and may not be construed as legal, tax or accounting advice. Neither is it intended for solicitation purposes.... View More

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