Small Estate Affidavit

• Category: Probate - Small Estates
• State: Multi-State
• Control #: US-S011ST
• Format: Word; Rich Text

Description

An Affidavit is a sworn, written statement of facts, signed by the 'affiant' (the person making the statement) before a notary public or other official witness. The affiant swears to the truth and accuracy of the statement contained in the affidavit. Where an estate is valued at less than $100,000, an interested party, as successor to the decedent, may, issue a small estate affidavit to collect or claim entitlement to the deceased property. A Small Estate Affidavit is a legal document used to transfer the assets of a deceased person with a lower value estate. This document is used when a deceased person did not have a will or an estate plan in place. The affidavit is used to transfer title and ownership of property to the rightful heirs, and to settle the decedent's financial affairs. There are two types of Small Estate Affidavits: Regular and Summary. With a Regular Small Estate Affidavit, the heirs must provide detailed information and documentation on the deceased individual's assets, liabilities, and estate plan. With a Summary Small Estate Affidavit, the heirs must provide a summary of the assets, liabilities, and estate plan. In both cases, the affidavit must be signed by all the heirs, and must be notarized and filed with the appropriate court. The Small Estate Affidavit is an efficient and cost-effective way of transferring the assets of a deceased person with a lower value estate.

A Small Estate Affidavit is a legal document used to transfer the assets of a deceased person with a lower value estate. This document is used when a deceased person did not have a will or an estate plan in place. The affidavit is used to transfer title and ownership of property to the rightful heirs, and to settle the decedent's financial affairs. There are two types of Small Estate Affidavits: Regular and Summary. With a Regular Small Estate Affidavit, the heirs must provide detailed information and documentation on the deceased individual's assets, liabilities, and estate plan. With a Summary Small Estate Affidavit, the heirs must provide a summary of the assets, liabilities, and estate plan. In both cases, the affidavit must be signed by all the heirs, and must be notarized and filed with the appropriate court. The Small Estate Affidavit is an efficient and cost-effective way of transferring the assets of a deceased person with a lower value estate.