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Requirements for Filing a Small Estate Affidavit in Form

Requirements for Filing a Small Estate Affidavit in Form

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[Music] What is a Small Estate Affidavit and  how do you use it and when can you use it?   So a Small Estate Affidavit is just that it's an  affidavit form that is filled out by the person   that says hey I am entitled to the assets of the  decedent's Estate. If there are other people,   like let's say you are one of four kids, you're  going to have to get all your siblings to sign   off on that if they are also beneficiaries of  the Estate, but the whole idea with a Small   Estate Affidavit is you are proving to whomever is  holding funds that you are entitled to claim them   on your behalf, or on behalf of you and your  siblings. So when can it be used? It can be   used when the assets of the Estate that are what  we call directionless, they have nowhere to go,   are under one hundred thousand dollars.  So somebody forgot about a bank account   and everything else is pay on death, somewhere  their life insurance, their 401k,

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