Nj Small Estate Affidavit With Signature
Description
How to fill out New Jersey Small Estate Affidavit For Estates Under 20,000?
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FAQ
A Small Estate Affidavit in lieu of administration may be an option when there is no will and the value of the estate does not reach a certain threshold. In New Jersey, the term ?small estate? refers to estates that are valued at less than $50,000 for a surviving spouse or less than $20,000 for next of kin.
The affidavit can only be used if the decedent died without a will, their estate is not valued over $50,000, and the heir is the decedent's spouse/partner. Completing the affidavit will also entitle the spouse and partner to up to $10,000 of the estate before payments are made to creditors with a claim to the estate.
An Affidavit of Next of Kin is filed setting forth that the affiant is the next of kin of the intestate, and that the aggregate value of the intestate's estate will not exceed $ 20,000.
Under New Jersey statute, where as estate is valued at less than $50,000, a surviving spouse, partner in a civil union, or domestic partner, may present an affidavit of a small estate before the Superior Court.
The affiant should fill out the form in the presence of a notary public, and file it with the surrogate court in the county where the decedent resided at the time of death.