Oregon Sample Letter for Estate Settlement

State:
Multi-State
Control #:
US-0841LTR
Format:
Word; 
Rich Text
Instant download

Description

This form is a sample letter in Word format covering the subject matter of the title of the form.

How to fill out Sample Letter For Estate Settlement?

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FAQ

If a person dies without a will, the court will select the personal representative, usually the spouse, an adult child or another close relative. If none of those people are available or willing to be the personal representative, the court may choose a bank, trust company or a lawyer.

An affidavit can be filed if the fair market value of the estate is $275,000 or less. Of that amount, no more than $200,000 can be attributable to real property and no more than $75,000 can be attributable to personal property.

If you are single and have no descendants, your parents will inherit your property in equal shares. If one of your parents dies before you, your surviving parent will receive all your property. If both parents are deceased, then your siblings will inherit your property.

Estate planning, including Living Trusts, Payment on Death Accounts, and Transfer on Death Deeds, may help avoid Probate.

All of the requirements in the Affidavit of Claiming Successor Testate Estate must be completed. The Affidavit must be filled out correctly and the mailings completed as required, one copy to Department of Human Services and one copy to the Oregon Health Authority. The filing fee for a Small Estate is $124.00.

Simple probates may cost around $2,000, but an average is closer to $3,000 - $5,000 (and up).

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Oregon Sample Letter for Estate Settlement