Pennsylvania Affidavit By Foreign Fiduciary
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How to fill out Pennsylvania Affidavit By Foreign Fiduciary?
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FAQ
In Pennsylvania, 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).
Pennsylvania's small estate proceeding is called a "settlement of small estate on petition." This procedure is available if all of the property left behind is worth $50,000 or less. But these types of property don't count in the tally: real estate.
In Pennsylvania, it is only necessary to probate if the decedent owned assets, whether financial or real estate holdings, solely in their name which did not already have a beneficiary designated. Such assets are called probate assets, and in order to convey ownership of them it is necessary to probate.
Pennsylvania's small estate proceeding is called a "settlement of small estate on petition." This procedure is available if all of the property left behind is worth $50,000 or less. But these types of property don't count in the tally: real estate.
Small estate affidavits are filed with the Register of Wills. They're used to simplify the probate process for estates valued at $50,000 or less. You can view other common probate forms provided by the State of Pennsylvania and the Register of Wills.