Add Formulas and Calculations Legal Alabama Small Estates Forms For Free

Once you confirm your estate's eligibility, you will need to gather the necessary forms. The state probate courts typically provide the small estate affidavit Alabama form, which can also be found online for your county. You must include the deceased person's name, date of death and a list of the estate's assets.

Yes, there are some ways in which property can be transferred without going through probate in Alabama. One of the most common ways to avoid probate is by establishing a trust. Generally, any assets placed within a trust are exempt from probate and are instead distributed privately outside of court.

Assets Exempt from Probate in Alabama Life insurance policies with designated beneficiaries. Retirement accounts with named beneficiaries. Jointly owned property with rights of survivorship. Assets held in a living trust.

Obtaining a Probate Bond in Alabama Determine the required bond amount based on the value of the estate's assets. In Alabama, the bond amount is typically equal to the value of the estate's personal property plus one year's worth of estimated income from real property (Alabama Code § 43-2-851).

In the state of Alabama, there are a few ways to avoid going through probate. Generally, when a decedent places property into a trust, those assets do not need to go through probate. Probate can also be largely avoided for jointly owned assets or if the estate qualifies for summary distribution.

Under existing law, the Alabama Small Estates Act allows the surviving spouse or other distributee of a decedent, who owns no real property at the time of death, to receive in a summary manner the decedent's personal property, provided the value of this personalty is not in excess of $25,000, or such adjustments to ...

Complete the affidavit: Fill out the form with the decedent's information, a list of their assets and the names and addresses of all heirs or beneficiaries. Notarize the affidavit: Sign the completed affidavit in front of a notary public. Some states might also require additional witnesses.

The Alabama Small Estates Act was passed in 1979 and amended in 2009. This Act provides a method, through a court proceeding, to distribute personal property of a deceased person in a summary distribution manner to a surviving spouse, or appropriate distributes of the decedent, without full probate administration.

Spouses in Alabama Inheritance Law If your only children were from the marriage, your spouse is given the first $50,000 of your intestate estate and half of whatever's left over. However, individuals that had children with another partner will lower their spouse's intestate share to just half of the estate.