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A Montana small estate affidavit is a legal document that gives the holder the right to collect property previously owned by a decedent, a person who has died.
In the state of Montana, this includes several steps such as submitting the will to the probate court, inventorying the deceased's assets, settling any debts or taxes, and finally, distributing the remaining assets to the beneficiaries.
The entire estate of the person who died, after subtracting liens and encumbrances, is not worth more than $50,000. No application or petition for the appointment of a personal representative for this estate is pending or has been granted by any court.
Small Estate Summary Administration ? If it appears from an inventory and appraisal that the value of the entire estate (less liens and encumbrances) does not exceed the homestead allowance of $22,500; exempt property of $15,000; family allowance of $27,000; cost and expenses of administration; reasonable funeral ...
Montana Summary: Under Montana statute, where as estate is valued at less than $50,000, an interested party may, thirty (30) days after the death of the decedent, issue a small estate affidavit to to demand payment on any debts owed to the decedent.