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P-120 Affidavit For Release of Property To Temporary Custodian 512 Probate Forms

P-120 Affidavit For Release of Property To Temporary Custodian 512 Probate Forms 2025

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The document is an affidavit for the release of tangible personal property of a decedent to a temporary custodian under Alaska Statute 12.65.105. It outlines the responsibilities and obligations of the affiant, including the requirement to prepare an inventory of the property, notify the court, and account for the property until a personal representative is appointed or rightful heirs claim it. The affiant must also affirm their relationship to the decedent and provide personal information.

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

In fact, many estates can be settled without any court involvement at all. Estates valued at less than $50,000, plus $100,000 worth of motor vehicles, can often avoid the probate process in court, provided the estate contains no real property (land or a home).

How do you avoid probate in Alaska?

If you create a revocable trust, you will need to choose a Trustee and decide how the property will be managed after you die. If you want to avoid probate, you will also need to transfer ownership of all of your property to the revocable trust or name the revocable trust as a beneficiary of your property.

How long do you have to file probate after death in Alaska?

You need to file within the three years after the deceaseds passing to qualify for informal probate. Anything after three years will automatically end up in formal probate court.

What is the statute 12.65 105 in Alaska?

Under AS 12.65.105 Notice To Person Holding Property of Decedent: Alaska Statute 12.65. 105 allows you to release tangible personal property* of the decedent named below to the person who signs this affidavit (the affiant). However, you are not required to do so.

What is exempt property in probate in Alaska?

Exempt property is personal property of the person who died, worth up to $10,000, that the Personal Representative must give to certain family members. Exempt property is payable to the surviving spouse of the person who died, if any.

How do I get a letter of testamentary in Alaska?

After Filing the Petition If you are appointed the Personal Representative, the court will send you the Letters Testamentary (or Letters of Administration) once it is signed by the clerk or magistrate. This is the document that you will use to prove that you are authorized to act on behalf of the estate.

P-120 Affidavit For Release of Property To Temporary Custodian 512 Probate Forms 2025

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