Extract Data From Legal Montana Small Estates Forms For Free

You can close many small estates in Montana by filing an affidavit. To qualify, you must show that: The estate has less than $50,000 in assets after it pays its debts. Your deceased loved one passed away more than 30 days ago. No one has been appointed the estate's personal representative.

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. Montana Requirements: Montana requirements are set forth in the statutes below.

Small Estate Summary Administration The small estate administrative procedure can begin five days after the death of the decedent, and as soon as the personal representative determines that the value of the estate does not exceed the outstanding debt.

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.

Simplified Probate: Summary Administration You can use summary administration in Montana if the value of the entire estate, less liens and encumbrances, does not exceed the value of the: homestead allowance (a set amount a surviving spouse or children are entitled to under Montana law) exempt property allowance (same)

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.