A small estate affidavit, also sometimes referred to as a small estate declaration, is a legal document designed to simplify the process of transferring the assets of a deceased person to their rightful heirs or beneficiaries in the state of Washington. This document is particularly useful when the deceased person's estate is considered to be small, without the need for a formal probate process. In Washington state, there are two types of small estate affidavits available: 1. Small Estate Affidavit for Personal Property: This type of affidavit is applicable when the value of the deceased person's personal property, such as bank accounts, vehicles, or personal belongings, does not exceed a certain threshold set by state law. As of 2021, the value limit for personal property is $100,000. 2. Small Estate Affidavit for Real Property: This affidavit is used when the deceased person owned real estate in Washington state, such as a house or land. In this case, the value of the real property must be below a specific threshold, which is currently set at $275,000. By filing a small estate affidavit with the appropriate county court clerk, the rightful heirs or beneficiaries can claim the assets of the deceased person without the need for a lengthy and costly probate process. However, it is essential to understand that only certain individuals are eligible to file a small estate affidavit, such as the surviving spouse, children, or other close relatives. The small estate affidavit must include relevant information about the deceased person, their assets, debts, and the individuals entitled to inherit the property. It is crucial to provide accurate details to ensure a smooth and successful transfer of assets. Additionally, supporting documentation, such as death certificates or evidence of ownership, may be required to accompany the affidavit. Using a small estate affidavit can significantly expedite the asset transfer process, allowing the deceased person's estate to be settled more efficiently and economically. However, it is essential to consult with an attorney or seek legal advice to ensure compliance with Washington state laws and to understand if this method is suitable for a particular situation.
Small Estate Affidavit For Washington State
Description washington state affidavit of successor
How to fill out Small Estate Affidavit For Washington State?
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FAQ
The Court Clerk's office will accept a Small Estate Affidavit for filing with the Court for a filing fee of $20.
Legally, you will need a probate (either an adjudication or a traditional probate) if Decedent's probate assets include: A net value of over $100,000 of personal property, or. Any real property that you choose not to or cannot Administer by Affidavit.
First, you must wait at least 40 days after your loved one has died before submitting the affidavit. Second, you are required to mail a copy of the affidavit, along with the decedent's social security number, to DSHS's Office of Financial Recovery, whose address is currently: P.O. Box 9501, Olympia, WA 98507-9501.
A copy of the affidavit is to be mailed to the State of Washington, Department of Social and Health Services, Office of Financial Recovery, P. O. Box 9501, Olympia, Washington 98507-9501.
In Washington, if a probate is filed, it is because someone wants it to be filed, NOT because the law requires it. This page describes what some of those reasons might be.By far, the most common reason for probate is that the Decedent died holding: Any real property titled in his or her own name, or.