btakeeper.blogg.se - Small estate affidavit illinois template

The affiant should confirm with the Local Probate Court that there is no competing application that has already been filed or an application for a personal representative. This will include identifying and valuing all of the decedent’s property to make sure it falls below the state maximum. Step 1: – Verify that the estate is eligible

Statutes – Petition for Summary Distribution (§ 43-2-692).

Signing Requirements – No direct statutes, though the form is typically notarized or proved by two (2) witnesses.

If there is no newspaper of general circulation in the decedent’s county, then the notice must be posted at the county courthouse for one week.

Publishing ( § 43-2-692(8))- A notice of the filing for a petition for summary distribution must be published in a newspaper of general circulation in the county in which the decedent lived, and no distribution may occur until at least 30 days have passed from the time of publication.

For the period from March 1, 2023, through Feb. However, that amount is linked to the Consumer Price Index and changes yearly.

Maximum Amount – Under a state law passed in 2009, only estates worth less than $25,000 qualified at the time.One heir, usually known as the “affiant,” must file the form with the Judge of Probate in the county where the decedent died. To file the document, all heirs - defined as the decedent’s spouse and surviving family - must be identified and notified.

It is commonly called a “petition for summary distribution,” and is only available for estates with a total value smaller than the state-imposed minimum ($34,611), which is linked to inflation and changes each year. An Alabama small estate affidavit allows heirs of an estate to distribute its assets and bypass the probate process.