This is an answer to a civil lawsuit which includes affirmative defenses.
This is an answer to a civil lawsuit which includes affirmative defenses.
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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.
By way of introduction, an estate is a ?small estate? if the total value of the assets that need to be administered does not exceed the following values: $200,000 for real property and $75,000 for personal property. Small estates can be administered through a formal probate proceeding, just like larger estates.
You must petition the probate court to admit any will to probate and to appoint you as the personal representative. The petition contains some basic background information of the decedent, and this information is described in ORS 113.035 -Petition for appointment of personal representative and probate of will.
ESTATE. You can only file a Small Estate Affidavit if the total value of the estate is under $275,000 and: ? No more than $75,000 of the fair market value of the estate is from personal property. and. ? No more than $200,000 of the fair market value of the estate is from real property.
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.
A notice to creditors is published in a local newspaper. This public notice to creditors tells the creditors that they have four months to bring any claim against the estate for debts the deceased person owes them.
An affidavit can be filed if the fair market value of the estate is $275,000 or less. Of that amount, no more than $200,000 can be attributable to real property and no more than $75,000 can be attributable to personal property.
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.