Notarized Affidavit For Collection Of Personal Property In Philadelphia

State:
Multi-State
County:
Philadelphia
Control #:
US-0040BG
Format:
Word; 
Rich Text
Instant download

Description

The Notarized Affidavit for Collection of Personal Property in Philadelphia serves as a formal declaration by a corporate officer affirming the authority of the corporation to collect personal property. This document is essential for ensuring that a corporate entity can legalize its claims efficiently and effectively. Users need to fill in crucial details such as the affiant's name, title, corporation's name, and pertinent addresses, while also attaching the corporate seal and signatures where required. The form's completion should be done in the presence of a Notary Public to validate the document. Attorneys and legal professionals will find this affidavit useful during property collection processes, while paralegals and legal assistants can aid in drafting and filing the document correctly. This form simplifies the legal procedure for corporations and minimizes disputes over property claims, thus streamlining the collection process for its target audience.
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FAQ

Small estate affidavits are filed with the Register of Wills. They're used to simplify the probate process for estates valued at $50,000 or less. You can view other common probate forms provided by the State of Pennsylvania and the Register of Wills.

How long will probate take? Settling an uncontested estate takes anywhere from 9 months to 18 months. However, property can often be transferred before the probate process is fully complete.

The Small Estates Petition must provide the Court with: (1) a list of all the decedent's personal property and the value of each item; (2) a list of all known debts of the decedent and the value of each claim; (3) the type and amount of any taxes due as a result of the decedent's death, including the Pennsylvania ...

In Pennsylvania, the estate's value is key to deciding if probate is needed. Estates over $50,000 usually need full probate. This includes things like bank accounts, investments, and personal items. Small estates worth less than $50,000 might get special probate exemptions.

When any person dies domiciled in the Commonwealth owning property (exclusive of real estate and of property payable under section 3101 (relating to payments to family and funeral directors), but including personal property claimed as the family exemption) of a gross value not exceeding $50,000, the orphans' court ...

The Affidavit for Collection of Personal Property Pursuant to Small Estate Proceeding cannot be filed until 30 days after the Decedent's date of death. If the Decedent has a Will, you must file the original with the Court along with the Application for Probate (form 300ES).

The average time to settle an estate in Pennsylvania can vary depending on the complexity of the estate and any potential challenges or disputes. On average, it can take anywhere from 6 months to over a year to complete the probate process and distribute assets to beneficiaries.

What is Considered a Small Estate in Pennsylvania? In Pennsylvania, you can use a summary probate procedure when estates are worth less than $50,000 (not including funeral costs, real estate and allowable family payments).

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Notarized Affidavit For Collection Of Personal Property In Philadelphia