Small Estate Distribution Rules
Description
How to fill out Petition For Partial And Early Distribution Of Estate?
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FAQ
VOLUNTARY ADMINISTRATION or SMALL ESTATE PROCEEDING may be used when a fiduciary is needed to transfer estate assets (personal property only) and the value of the assets does not exceed $50,000, exclusive of property set off under EPTL 5-3.1.
As part of the affidavit, the person filling out the paperwork, known as ?the affiant,? must provide certain information, including the deceased person's personal information, date of death, and a list of the deceased's property and debts. This document must be signed under oath, so honesty is paramount.
You will need photo identification. Sign the Affidavit in the presence of the notary or clerk. ? You will need the death certificate and the will (if any) o You need a certified copy of the death certificate. You can get the death certificate from the funeral home or the Office of Vital Statistics.
The dollar limit can change each year. If a person dies in 2023, an estate must be valued at $27,000 or less to be small. If a person died in 2022, an estate must be valued at $25,000 or less. If a person died in 2020 or 2021, an estate must be valued at $24,000 or less.
Your signature must be notarized by a court clerk or notary public. You will need photo identification. Sign the Affidavit in the presence of the notary or clerk. ? You will need the death certificate and the will (if any) o You need a certified copy of the death certificate.