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What is the definition of a small estate?

An estate that contains property with a value small enough to be eligible, under state law, for simplified probate procedures or out-of-court transfers of the deceased persons property.

What is considered a small estate in Delaware?

If the deceaseds assets are less than $30,000, and there is no real estate in his/her name alone, the Register of Wills Office issues a Small Estate Affidavit to transfer the assets of your loved one.

What is a short certificate in Delaware?

A Short Certificate is a legal document issued by the Register of Wills that shows the appointment of an Executor(s) or Administrator(s) of an estate. This Document gives the appointed person the ability to access assets and to conduct business in the deceased persons name.

How much does an estate have to be worth to go to probate in Delaware?

Whenever there is a death in New Castle County, an estate must be probated if: The decedent had more than $30,000 in personal property in his/her name alone, or.

What is a small estate affidavit in Delaware county?

A Delaware small estate affidavit is a legal document that enables an heir or beneficiary of a will to collect property that formerly belonged to a person who has died, known as a decedent. For example, it allows a person to claim ownership from a persons estate if they have a boat, ATV, or motor vehicle.

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What are the estate rules in Delaware?

If there are no children, then the estate goes to the deceaseds parents, if they are living. If the deceased has no children and their parents are no longer living, then their estate is to be passed down to his or her siblings in equal shares. If there are no siblings, then it goes to the next of kin.

How do I settle an estate in Delaware?

Delaware probate follows this general flow: contact the court, get appointed as personal representative, submit will if it exists, inventory and submit valuations of all relevant assets, have the court and beneficiaries approve it, and then distribute the assets to beneficiaries.

What is the small estate threshold in Delaware?

An estate is only eligible for a small estate affidavit if it meets state requirements and qualifications which are as follows: Thirty (30) days have passed since the deceaseds date of death. The estate is valued at $30,000 or less.

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