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Pursuant to Wisconsin State Statute Section 867.03, Transfer by Affidavit is used for solely owned property within this state valued under $50,000. Any heir, trustee, or person who was guardian, may collect and transfer the solely owned assets by completing an affidavit in duplicate.
In Wisconsin, Small Estate Affidavits are commonly referred to as Transfer Affidavits. If you are dealing with someone's estate after they have passed, and there is $50,000 or less in probate assets, a transfer affidavit may be a good way to avoid probate, save time, and make the whole process easier for you.
Form PR-1831 - Transfer By Affidavit ($50,000 And Under) is a probate form in Wisconsin. To transfer decedent's assets not exceeding $50,000 (gross) to an heir, trustee of trust created by decedent, or person who was guardian of the decedent at the time of the decedent's death for distribution.
A deed and an Electronic Wisconsin Real Estate Transfer Return (eRETR) must be completed to convey title to real estate. If you need additional information in regards to your inquiry you will have to consult with a title company or an attorney. You can also contact the Register of Deeds at (608) 266-4141.
A Wisconsin small estate affidavit, also known as a Transfer by Affidavit, helps heirs, successors and beneficiaries of estates valued at $50,000 or less receive what they are entitled to more quickly than through traditional means.