Black out light in the Small Estate Affidavit effortlessly

Aug 6th, 2022
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How to Black out light in the Small Estate Affidavit

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this tutorial is produced by the mecklenburg county clerk of superior court estates division while our office cannot provide legal advice we are happy to help you navigate the estates administration process this video will provide a step-by-step guide to completing the affidavit for collection of personal property first lets define some of the terms used in this tutorial with which you may not be familiar decedent a person who has died affidavit a sworn or affirmed statement that has been made under oath affiant the person who is making a sworn or affirmed statement under oath for this form the office is also the person making the request to collect the decedents personal property executor a person the decedent named in a will to be in charge of the administration of the estate administrator a person in charge of the administration of an estate when the decedent did not leave a will or when the decedents will cannot be probated public administrator a county official placed in charge

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A Texas Small Estate Affidavit can be used to expedite the distribution of the assets of a person who has died (known as a decedent) when the estate is worth $75,000 or less and lacks a will. A successor can use the form to claim assets without undergoing a complicated court proceeding.
Illinois law says a small estate affidavit needs to state the following: The name and address of the affiant, which is the person swearing out the affidavit who hopes to collect the assets from the estate, The name of the decedent, which is the person who died, The date and location of the death,
If your loved one did not leave a will and the estates assets are valued below $75,000, then by Texas law full probate isnt necessary. In these cases, the executor or beneficiaries just need a small estate affidavit in order to collect assets.
Once you complete the small estate affidavit and the affidavit of heirship, you must file them with the clerk of the court at the probate court in the county where the deceased was a resident. Some courts require a copy of the death certificate to be filed with the forms. The fee to file the forms will vary by county.
The Court will review the affidavit to confirm that it complies with the statutory requirements. If the Court approves the affidavit, the heirs can use a certified copy of the affidavit of the estate to collect money the estate is owed or assets the estate owns.
Exempt Assets-- Items such as a vehicle, home furnishings, tools and livestock. Non-Exempt Assets-- Assets that are not exempt, such as ordinary bank accounts. If there is no real property and just other assets, heirs are generally able to go forward with a Small Estate Afiidavit.
The document needs to state the following: The name of the person who died. The date and location of the death. That 40 days have passed since the death. That probate has not been initiated. That the estate value does not exceed $166,250. A description of assets to transfer. Names of other successors.
Once the affidavit has been recorded, the heirs are identified in the property records as the new owners of the property. Thereafter, the heir or heirs may transfer or sell the property if they choose to do so. At that point, the deed most commonly used to transfer the property is a General Warranty Deed.

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