Small Estate Affidavit for Personal Property Estates Not More than $50,000 - Iowa 2025

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Summary administration is used if the value of the estate is $75,000 or less, or the decedent has been dead for more than 2 years. Summary administration is generally a more streamlined and less expensive procedure than formal administration. It can be conducted without an attorney.
The Small Estate Form allows the Executor(s)/Next of Kin to legally 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.
The form is fairly straightforward and requires the following information: Name, address, and date of death of the decedent. Whether the deceased person was ever married. Names of the surviving heirs. Statement that the deceased did not leave a will. Statement that you are an heir under your state intestacy law.
You can use summary administration in Iowa if the gross value of the entire probate estate (meaning all of the property that the deceased person left behind thats subject to probate) doesnt exceed $200,000. (Iowa Code 635.1 (2024).)
Complete the affidavit: Fill out the form with the decedents information, a list of their assets and the names and addresses of all heirs or beneficiaries. Notarize the affidavit: Sign the completed affidavit in front of a notary public. Some states might also require additional witnesses.
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1:04 2:55 And their individual values. You can then download the affidavit using the link below the affidavit.MoreAnd their individual values. You can then download the affidavit using the link below the affidavit. For information about All beneficiaries. Including their relationship to the deceased.
Although probate is typically required for estates in Iowa, its not always inevitable. Some assets bypass probate, while small estates follow a different rule. The categorization of an estate as small depends on its gross value.

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