![]() ![]() Simplified Process: Small estate affidavits are designed to simplify and expedite the transfer of assets without the need for a lengthy probate court process. This threshold varies by state but is generally lower than the threshold that would require a full probate process. Here are some key characteristics and purposes of a Small Estate Affidavit:Įstate Value Threshold: Typically, a small estate affidavit can be used when the total value of the deceased person's assets, including personal property and sometimes real estate, falls below a specific threshold establishedīy state law. ![]() Specific rules and requirements for small estate affidavits vary from state to state in the United States, as estate laws are primarily governed at the state level. What information is required in a Small Estate Affidavit?Ī Small Estate Affidavit is a legal document that allows for the simplified transfer of assets from a deceased person's estate to their heirs or beneficiaries when the value of the estate falls below a certain threshold.What assets can be transferred using a Small Estate Affidavit?.When can a Small Estate Affidavit be used?.What is the purpose of a Small Estate Affidavit?.Small Estate Affidavits are used to take possession of assets that may rightfully belong to you upon the deceased’s death while avoiding a lengthy probate process. ![]()
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