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Maximum $100,000. Laws § 28-41-101. Step 1 Write in your name and the names of any others entitled to decedent's property. Step 2 In Section 1, write in the name, age, residence, location, and date of death of the decedent. Step 3 Attach an itemized description and valuation of the decedent's personal property.

Probate is required when an estate's assets are solely in the deceased's name. In most cases, if the deceased owned property that had no other names attached, an estate must go through probate in order to transfer the property into the name(s) of any beneficiaries.

This fiduciary serves under supervision of the court for period of at least 6 months. It takes about 1 to 4 weeks to get someone appointed, so as a practical matter, it will take around 7 months to probate an estate in Arkansas in a best case scenario.

One way to avoid probate is to own property jointly with someone else. When you die with a right of surviorship, your share passes to the other owner automatically. What is on the deed or account controls and any statement in your will is ignored.

In Arkansas, the probate process is mandatory for any contested estate, if there are creditors (including a mortgage) and for any estate larger than $100,000. If a person provides written grounds for contest to the court, the will goes through the probate process.

There is a predetermined fee schedule for executors, based on the value of the estate that is passing through probate. The schedule in Arkansas is as follows: 10% of the first $1,000. 5% of the next $4,000, and.

In Arkansas, you can use the small estate procedure if the total value of all personal property does not exceed the amount to which the surviving spouse and children are entitled to by law or the value of the property is $100,000 or less, not counting the homestead and the statutory allowance for the benefit of a

In most states, however, there is the option to use a small estate affidavit when the assets of the estate are under a certain dollar amount, which varies by state. An attorney is not required to file a small estate affidavit, although it may be helpful to consult with one prior to filing the small estate affidavit.

Fill in information about you and the TOD beneficiary. provide a description of the property. check over the completed deed. sign the deed in front of a notary public, and.

Arkansas Order Authorizing Sale of Real Estate

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