If you’re here to learn more about Small Estate Affidavits, chances are that a loved one or close friend has passed away.
The last thing you want to deal with is a complicated and time-intensive court process to figure out how to distribute the deceased person’s assets, particularly if the person did not have much personal property.
A Small Estate Affidavit form is often used to transfer bank accounts, retirement accounts, car titles and more.
The key advantages of filling out a Small Estate Affidavit form are:
- A Small Estate Affidavit form is faster than going through traditional probate proceedings. A Small Estate Affidavit speeds up the probate process considerably, provided that you are able to provide complete information about the deceased’s assets and no one else has stepped forward as a personal representative for the deceased.
- Going the route of Small Estate Affidavit is much simpler than probate. If the deceased person does not have much by way of assets and does not own any real property (a home or other real estate), a Small Estate Affidavit can help you avoid having to go to probate court altogether.
- A Small Estate Affidavit allows you to avoid court supervision. Once the Small Estate Affidavit is accepted by the court, the affiant can take whatever actions are needed with the personal property covered in the document. There’s no third-party or court supervision to maintain updates on the assets after the affiant is awarded control over the personal property.