Missouri Small Estate Affidavit for Estates under 40,000

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Can I open an estate bank account with a small estate affidavit?

A: No, a small estate affidavit can only be used if the person died without a valid will. Q: Is an attorney required to complete a small estate affidavit? A: No, an attorney is not required. However, Isaac Shutt recommends that people seek help from a probate attorney, particularly if you are unsure about the process.

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

In Missouri, a small estate comprises property valued at $40,000 or less (after debts are paid) when the owner passes on.

What is the threshold for a small estate affidavit in Missouri?

Qualifying for a Small Estate Affidavit in Missouri The estates total value must be $40,000 or less (excluding debts and liens) At least 30 days must have passed since the persons death. No application for letters testamentary or of administration is pending or has been granted.

What is the limit for a small estate affidavit in Missouri?

Affidavits involving an intestate decedent may be filed at any time after the date of death even if more than one year since the date of death has expired. However, affidavits are limited to a maximum of $40,000.00.