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

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by entering the decedent's name and domicile at the time of death in the designated fields. This information is crucial for identifying the property involved.
  3. Fill in the date of death, ensuring accuracy as this affects legal proceedings.
  4. Provide your full name, mailing address, physical address, and telephone number. This identifies you as the affiant responsible for the property.
  5. Complete your date of birth and driver's license or state identification number. This verifies your identity.
  6. Indicate your relationship to the decedent by checking all applicable boxes. This establishes your connection and eligibility to take custody of the property.
  7. List any known relatives of the decedent along with their relationship to ensure transparency.
  8. Sign and date the affidavit at the bottom, confirming that all provided information is true under penalty of perjury.

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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).
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.
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.

People also ask

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.
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.
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.

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