What is a Small Estate Affidavit and what are its benefits?
When a person passes away and leaves behind an estate with little guidance, complications concerning the administration of their property can quickly arise. Ideally we wish to avoid court proceedings as much as possible so that all relevant information may be communicated efficiently without delay or confusion- but sometimes this isn't always possible when dealing directly with heirs who have asked for probate instead! One way around having your will contested by relatives if they want control over certain assets in order to carry out reasonable wishes upon death (or before) is through using Small Estate Affidavits - which I discuss here today. Benefits of a Small Estate Affidavit The small estate affidavit is a great way to avoid going through the probate process when transferring assets in an estate below $100,000. It allows beneficiaries or executors of capped estates - those with total values less than this amount at any given time-to fill out and sign off on one document ...