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A Wisconsin small estate affidavit, also known as a Transfer by Affidavit, helps heirs, successors and beneficiaries of estates valued at $50,000 or less receive what they are entitled to more quickly than through traditional means.
The transfer by affidavit process can be used to close a person's estate when the deceased has $50,000 or less in assets subject to administration in Wisconsin. It is an alternative to using a court process for smaller estates.
Pursuant to Wisconsin State Statute Section 867.03, Transfer by Affidavit is used for solely owned property within this state valued under $50,000. Any heir, trustee, or person who was guardian, may collect and transfer the solely owned assets by completing an affidavit in duplicate.
How to File (5 steps) Gather Information. Prepare Affidavit(s) Notify Department of Health Services. Get All Forms Notarized. Collect the Assets.
§ 49.849, the Wisconsin DHS (Department of Health Services) Estate Recovery Program has authority to seek repayment for the cost of certain long-term care services provided to Medicaid, BadgerCare Plus, COP (Community Options Program) , or non-Medicaid Family Care members, as well as the cost of any services provided ...
Wisconsin's Small Estate Affidavit statute allows estates under $50,000 to avoid probate and instead be transferred via affidavit. See Wis Stat. §867.03. It can be used by an heir, a trustee of a revocable trust, a person named in the decedent's will, or a guardian after the passing of the decedent.
A Affidavit of Heirship is a form similar to a family tree and used to determine how the property passes to rightful heirs. The form lists the relatives of a deceased property owner.