Small Estate Affidavit Alabama Alabama Small Estate Affidavit Affidavit for Collection of Property Pursuant to the Small Estates Act Sections 43 2 690 thru 43 2 696
This Act provides a method through a court proceeding to distribute personal property of a deceased person in a summary distribution manner to a surviving spouse or appropriate distributees of the decedent without full probate administration WHAT ARE THE VALUE LIMITS FOR SUMMARY DISTRIBUTION UNDER THIS ACT Decedent s estate is soon or ever shall commence c Governing Law This Affidavit is governed under the laws located in the state of Alabama 10 EXECUTION With my signature below I certify to be an authorized representative to represent the Heirs of the Decedent s estate and the information mentioned herein is true and correct
Small Estate Affidavit Alabama
Small Estate Affidavit Alabama
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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 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
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 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
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A small estate contains personal property only no real estate and does not exceed an amount originally 25 000 annually adjusted for inflation The amount is 30 608 00 for 2021 and is increased each year You can qualify for small estate probate if the estate meets the following criteria Last will and testament Decedent does not need a last will and testament to qualify for small estate probate Maximum estate value The maximum amount for a 2021 small estate is 30 608 Note This number increases annually with inflation
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 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 To be used if there is no probated will no surviving spouse and total unclaimed assets up to 3 000
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Small Estate Affidavit Alabama - 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