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When Can You Use A Small Estate Affidavit Form?

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By Author: Carl Glendon
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A Small Estate Affidavit refers to a type of document that lets a person feel that he has the right to inherit the assets of a decedent in case the latter dies without leaving a will – a state known as ‘Intestacy’. It is also referred to as the ‘Affidavit for Collection of Personal Property’ and is meant only for people who died with lower than 5,000 – 150,000 USD to their own name. Find out when a Small Estate Affidavit in Florida can be used.

For the transfer of all kinds of property

It is associated to the transfer of properties of all types, whether vehicles, personal or real. It needs to be under a threshold mandated by the State, so that heirs can avoid the probate process. This type of affidavit allows you to go to any bank, company or individual that might presently hold estate property that the decedent had held previously. Such entities can use this form for the transfer or handover of assets as per affidavit terms, or experience legal prosecution. But one cannot sue such entities after the affidavit terms have been abided by, and the transfer of properties from them.

For estate control

With this type of form, you can get full control over the power of attorney and estate. No entity can refuse the transfer of properties that were once part of the estate. It is possible to get Affidavit form online and ensure that the process goes on in a smooth fashion. For more information about getting an affidavit in Alabama, please visit this website.

When a person dies

A small estate affidavit form is closely associated with death, and is necessary when anyone dies not leaving behind a will that divides personal property from real property. If a person dies intestate and heirs seek legal possession of rightful property without undergoing the probate process, such an affidavit can be useful. Please visit this site to get a sample affidavit in Washington.

Author Resource:-

Carl writes often about legal drafting of rental & commercial lease agreements, affidavit and bill of sale to help the people in needs. You can find his thoughts at affidavit sample blog. To learn more about drafting an affidavit in Virginia online, visit this website.

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