Download As Word Legal Montana Small Estates Forms For Free

Unless the estate is in a living trust, it will need to go through probate in Montana. However, it may be eligible for informal probate, which allows for the executor to handle all of the process without court intervention.

The entire estate of the person who died, after subtracting liens and encumbrances, is not worth more than $50,000. No application or petition for the appointment of a personal representative for this estate is pending or has been granted by any court.

Under Montana statute, where as estate is valued at less than $50,000, an interested party may, thirty (30) days after the death of the decedent, issue a small estate affidavit to to demand payment on any debts owed to the decedent.

If a personal representative chooses to close an estate on an informal basis, other than for summary administrative procedure estates, he or she would file with a court a verified statement showing that he or she has complied with the Montana laws in completing the probate no earlier than six months after the date of ...

An estate skips probate in Montana if it's less than $50,000. Avoiding the probate process could be beneficial for an estate's heirs, as the probate process in Montana can be long and expensive.

If the decedent had a surviving spouse, transfer exempt property worth up to $15,000 in value to him or her. If there is no surviving spouse, divide the exempt property allowance equally among the children of the person who died. In deciding how much exempt property is worth, subtract any liens and encumbrances.