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All of the requirements in the Affidavit of Claiming Successor Testate Estate must be completed. The Affidavit must be filled out correctly and the mailings completed as required, one copy to Department of Human Services and one copy to the Oregon Health Authority. The filing fee for a Small Estate is $124.00.
An Oregon small estate affidavit is a document that can be used to claim property from a deceased person's estate, so long as the estate meets certain criteria. The person completing the affidavit is known as an ?affiant?, and the deceased person is known as the ?decedent?.
This more streamlined process is known as the small estate proceeding, and it breaks down pretty much like this: Personal property in the estate must have a value less than $75,000. Real property in the estate must have a fair market value less than $200,000.
Estate planning, including Living Trusts, Payment on Death Accounts, and Transfer on Death Deeds, may help avoid Probate.
While probate can complete in as little as 5 months, in Oregon this process typically takes 6-9 months. Once the four-month discovery and notice period is complete, the probate court and PR begin overseeing the settling of the estate.
All of the requirements in the Affidavit of Claiming Successor Testate Estate must be completed. The Affidavit must be filled out correctly and the mailings completed as required, one copy to Department of Human Services and one copy to the Oregon Health Authority. The filing fee for a Small Estate is $124.00.
The estate is large. Full probate may be avoided when handling small estates. Under Oregon law, a small estate affidavit can be filed if the estate has no more than $75,000 in personal property and no more that $200,000 in real property. These limits may be subject to change. A larger estate may require probate.