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To use a small estate affidavit, all of the following must be true: The total amount of property in the estate is worth $100,000 or less; The person who died did not own any real estate , or they owned real estate that went to someone else when they died. A court has not given out any letters of office.
You can only use a small estate affidavit if the estate has no more than $100,000 in it. You cannot use a small estate affidavit to transfer real property, such as a house. However, the decedents real property may have already been transferred to someone else.
Oregon Summary: Under Oregon statute, a small estate affidavit may be filed if: A. $75,000 or less of the fair market value of the estate is from personal property, and B. $200,000 or less of the fair market value of the estate is from real property.
Any estate with probate assets exceeding $100,000.00 must go through the formal probate process. Additionally, Probate is typically required in Illinois when the probate assets contain real estate.
To file the affidavit, you must be either the executor of the decedents will if there is one, or someone who would inherit through Illinois state intestacy laws if there is no will.
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Instructions for Filing Small Estate Affidavits Be sure that you have completed all the tasks in the affidavit before filing. An affidavit can be filed if the fair market value of the estate is $275,000 or less.
You can request a form small estate affidavit from the probate court clerk in the county where the deceased person lived. The affidavit must contain specific information, including: the deceased persons name and address.
Normal Probate For estates with the more than $200,000 in real estate or $75,000 in personal property, Oregon has a more formal probate process. This probate process is overseen by the court and can take 4 months to several years to complete.
You can request a form small estate affidavit from the probate court clerk in the county where the deceased person lived. The affidavit must contain specific information, including: the deceased persons name and address.
This form is to allow the Executor(s)/Next of Kin to transfer shares from a person who has passed away into their name(s) and provides information in regards to how the shares can be sold.

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