North Carolina Affidavit of Age
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How to fill out Affidavit Of Age?
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FAQ
See Probate Court, State Probate Courts, Avoiding Probate, and Estate Taxes for more information. Probate of a Small Estate: Net Value of Estate Does Not Exceed $20,000 or $30,000 if the surviving spouse is entitled to the entire estate.
Hear this out loud PauseWhat is a ?Small Estate?? North Carolina considers ?small estates? to be any estate valued at less than $20,000.00 (or $30,000.00 if the only beneficiary is a surviving spouse). You do not have to count real property or certain retirement accounts and life insurance policies if they already include a named beneficiary.
The probate process starts when a family member or personal representative of the decedent files the decedent's will and other forms and documents with the Clerk of Superior Court in the county of the decedent's personal residence.
Hear this out loud PauseThis process applies to estates with personal property valued at $20,000, or $30,000 if the surviving spouse inherits everything under state law. North Carolina also has a simplified probate process called summary administration which applies if the surviving spouse is the sole heir.
Hear this out loud PauseWhat is The Affidavit for Collection of Personal Property? ing to the North Carolina statute § 28A-25-1, a heir can settle a deceased person's estate without going through probate by applying for the Affidavit for Collection of Personal Property of the Decedent (form AOC-E-203B).
Court fees include the filing fees to create the estate ($120) and the probate fee that is taxed against the personal property assets of the estate (0.4% of the value of the personal property assets in the estate, with a minimum fee of $15 and a maximum fee of $6,000).
Hear this out loud PauseThis Form (AOC-E-201) is used to start the process of settling a person's estate after they die (Probate). It's a request to make the Will and appointment of the Executor official and should be filled out by the Personal Representative.
For small estates, North Carolina has a simplified process which allows you to wrap up the estate without formal probate. This process applies to estates with personal property valued at $20,000, or $30,000 if the surviving spouse inherits everything under state law.
