Iowa Small Estate Affidavit With File
Description
How to fill out Iowa Small Estate Affidavit For Personal Property Estates Not More Than $50,000?
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FAQ
If there is no real estate to transfer and the sum of the deceased assets is $50,000 or less, an eligible person can use a small estate affidavit, rather than going through probate. Iowa Code 633.356 establishes the requirements for a small estate affidavit.
Access the Small Estate Affidavit Form (PDF). As of July 1, 2022, the value of the decedent's estate was increased to $100,000. This form is not required to be filed with the Court.
If there is no real estate to transfer and the sum of the deceased assets is $50,000 or less, an eligible person can use a small estate affidavit, rather than going through probate. Iowa Code 633.356 establishes the requirements for a small estate affidavit.
Present the affidavit to a third party that possesses the property of the deceased, such as a bank or company, in order to gather and distribute it to each named successor. This does not have to be filed in court.
While there is no specific timeline, a person with possession of the will must file it after learning of the person's death. By filing the will promptly, you can begin the probate process as soon as possible.