Alabama Small Estate Affidavit Alabama Small Estate Affidavit Affidavit for Collection of Property Pursuant to the Small Estates Act Sections 43 2 690 thru 43 2 696
WHAT IS THE ALABAMA SMALL ESTATES ACT This Act was passed in 1979 and later amended in 2009 It is codified as Ala Code 43 2 690 et seq 1975 This Alabama Small Estate Affidavit Affidavit made on 20 acts as a petition regarding the estate of Decedent who died on 20 in the county of state of Decedent
Alabama Small Estate Affidavit
Alabama Small Estate Affidavit
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The Alabama small estate affidavit form is a document that can be used if a spouse or family member passes and there is less than 32 047 figure adjusted for inflation of total worth of assets in their estate and no will was made on the part of the decedent Updated October 04 2023 A small estate affidavit is a court document that allows beneficiaries to bypass the often lengthy probate process and expedite the distribution of an estate after someone s death To qualify for this process the total value of the decedent s estate must not exceed a State s monetary limit Death Certificate
Affidavits Alabama State Treasury Home Unclaimed Property Affidavits The following forms may be required for certain personal claims to prove rightful ownership Affidavits if there is no probated will To be used if there is no probated will and total unclaimed assets up to 3 000 117 42 KB Download The Alabama Small Estate Affidavit enables the spouse family member or other rightful heirs of a deceased person the decedent to lawfully collect the personal property of their small estate so long the maximum value of the estate is not more than 29 014
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Alabama small estate affidavit You can settle a small estate in Alabama through a simplified probate procedure known as summary distribution This process is available for small estates that are worth less than 30 608 and do not contain real property 1 The small estate limit is reassessed to account for inflation every year the 30 608 An Alabama small estate affidavit form typically referred to as a Petition for Summary Distribution provides the family of a recently deceased person the ability to collect said person s property outside of probate court However the value of the estate must be under 34 611 effective March 1 2023 the amount is adjusted annually The form provides a shortcut that
What is a Small Estate Probate in Alabama Alabama law establishes an estate administration process for settling the deceased person s assets and remaining debts and obligations when a loved one passes away While not all estates require formal probate administration by a court a substantial number do Fortunately Alabama offers a probate shortcut for small estates If the property you leave behind at your death is below a certain amount your estate can use a simplified procedure called summary distribution or summary probate to transfer your property more quickly and with less hassle
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Alabama Small Estate Affidavit - The Alabama small estate affidavit form is a document that can be used if a spouse or family member passes and there is less than 32 047 figure adjusted for inflation of total worth of assets in their estate and no will was made on the part of the decedent Therefore Alabama Small Estate Affidavit Affidavit of Heirship Microsoft Word