This affidavit to transfer the decedent's small bank account to another's care or possession is used when the decedent did not have Letters Testamentary nor Letters of Administration issued nor a Personal Representative appointed by any court, nor any proceeding pending in any court which would have jurisdiction over the administration of the estate or the probate of the will and do not plan to have the will probated.
Alabama Affidavit For Disposition of Small Bank Account of Decedent
Category:
State:
Alabama
Control #:
AL-016-15-CP
Format:
Word;
Rich Text
Instant download
Description Small Estate Affidavit For Bank Account
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Small Account Affidavit Form popularity
Affidavit For Bank Account Other Form Names
Alabama Deceased Affidavit
FAQ
Small estate administration is a simplified court procedure that is an alternative to the longer probate process. It is available when the person who dies did not own that much in assets. There is often a limit to the value of the property, such as $25,000 or $100,000.
According to Alabama Probate Code, probate must be filed within five years after the death of the owner of the estate.
A small estate affidavit is a sworn written statement that authorizes someone to claim a decedent's assets outside of the formal probate process.
Guadalupe County Small Estate Affidavit Checklist Individuals then fill out a form without reading the statute and without understanding Texas intestacy law. They pay a $261 filing fee and expect approval.
In most states, however, there is the option to use a small estate affidavit when the assets of the estate are under a certain dollar amount, which varies by state. An attorney is not required to file a small estate affidavit, although it may be helpful to consult with one prior to filing the small estate affidavit.
You can use the simplified small estate process in Alabama if the estate has no real estate and a value of no more than $25,000.
When you use a small estate affidavit , you have to pay the decedent's bills before paying money to anyone else. For example, the decedent might have owed money to a credit card company when they died. If you use the small estate affidavit, you must give money from the estate to pay the credit card company.
