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Summary Administration Package for Small Estates - Idaho

Summary Administration Package for Small Estates - Idaho 2025

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The document is a Summary Administration Package prepared by U.S. Legal Forms, Inc. for the State of Idaho, providing forms and instructions for informal probate proceedings. It includes essential forms such as a petition for appointment of a personal representative, notice of petition, proposed order, inventory and appraisement, and closing statement. The document emphasizes the importance of consulting an attorney due to the complexity of Idaho probate laws and includes disclaimers regarding the use of the forms.

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

Likewise, if the value of the estate of the person who passed away is worth $100,000 or more, regardless of whether it has real estate in it or not, then a probate is required. This is a statutory requirement under current Idaho law.

How long does summary administration take?

Longevity of the Probate Process Summary Administration: This usually takes 3 to 6 months. Its faster and easier for estates with simple assets, like those worth less than $75,000. Formal Administration: This longer process usually takes 6 to 18 months.

What is considered a small estate in Idaho?

Additionally, to qualify as a small estate the statutes also require that the fair market value of the entire estate of the decedent which is subject to probate, wherever located, less liens and encumbrances, does not exceed $100,000. Idaho Code 15-3-1201(a)(1).

What is summary administration of estate in Idaho?

Summary administration is a simplified and expedited method, under Idaho law, for distributing a decedents estate. Summary administration for a survivng spouse is available under Idaho Code 15-3-1205.

What is summary administration?

Summary administration is a legal procedure available in some states that allows an estate to move through probate more quickly, as long as the estate does not exceed a set value. When no further court supervision or estate administration is necessary, it can help speed up closing.

Is estate administration the same as probate?

Generally speaking, probate is simply one small part of an estate administration. Probate usually refers to the process by which someone gets formally appointed to administer a deceased persons estate.

Do you need an EIN for a small estate affidavit?

Youll need to get a tax identification number for the estate called an employer identification number (EIN). An estate is required to file an income tax return if assets of the estate generate more than $600 in annual income.

What is summary administration in probate?

Probate summary administration is a streamlined legal process designed to simplify the administration of smaller estates. Unlike formal probate, which can be lengthy and complex, summary administration offers a quicker, more efficient way to settle an estate.

Summary Administration Package for Small Estates - Idaho 2025

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

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Summary Administration Package for Small Estates - Idaho 2025

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

How long does summary administration take?

What is considered a small estate in Idaho?

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What is summary administration?

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