This is a Transfer by Affidavit form, to be used in the State of Wisconsin. This form allows an heir, or person who was guardian of decedent at time of decedent's death, to have property transferred by completing this affidavit.
State Of Wisconsin Affidavit Of Under 50 000 For Estates
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Wisconsin
Control #:
WI-PR-1831
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How to fill out Wisconsin Transfer By Affidavit - And $50,000 And Under?
How to obtain professional legal documents that adhere to your state regulations and draft the State Of Wisconsin Affidavit Of Under 50,000 For Estates without hiring an attorney.
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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.
How do I record the affidavit? If the non-probate assets include an interest in real estate, it must be recorded in the register of deeds in each Wisconsin county that the real estate is located in. The transfer affidavit must be signed and notarized.
How to File (5 steps)Step 1 Gather Information.Step 2 Prepare Affidavit(s)Step 3 Notify Department of Health Services.Step 4 Get All Forms Notarized.Step 5 Collect the Assets.
In order to qualify for the simplified small estate process in Wisconsin, the value of the estate must be worth $50,000 or less after mortgages and encumbrances are subtracted, and the decedent must be survived by a spouse or minor children.
In Wisconsin, you can make a living trust to avoid probate for virtually any asset you own -- real estate, bank accounts, vehicles, and so on. You need to create a trust document (it's similar to a will), naming someone to take over as trustee after your death (called a successor trustee).
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The total value of the decedent's property subject to administration in Wisconsin at the date of decedent's death.