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Well when people pass away and leave behind a small estate for their family it's important that the legal cost be minimal for transferring and inheritance attorney Jim Higgins with the Higgins firm recently stopped by to explain the options for keeping costs down for a small estate take a look we've got Jim in fact on the show today and great to have you back thank you alright we're talking a little about passing the inheritance so what about what happens when someone passes away, and maybe they have a small bank account or just a home is there an easy way to pass on that inheritance what do they need to know there is you know that happens a lot we get a calls from people that will say you know about lost month parent or loved one and all they had was this one bank account or just a home or something and so what we try to do is there are certain tools under the law that we can often pass that property that that's much cheaper much quicker than going through a full-blown probate estate and the most common we see is just that you know they had a some old stock we didn't know about or a bank account and in Tennessee under the law if it's under fifty thousand dollars in most situations we can do what we call a small estate affidavit, and we'll draft that affidavit, and we put certain information what they had who the heirs are, and then it can, it could be passed much quicker than if it was a full-blown probate estate, and it's cheaper obviously to the other one that we have a lot is somebody has a home you know a lot of times that's all we have when we depart and that needs to be passed to the heirs and that can be done quite often without a full-blown probate there are two ways we can do what we call a Minuit of title and that's way if they had a will we can simply file that will with some other supporting documents and the probate court will issue an order just transferring the title and that's if it's quick it's easy, or we can do what we call an affidavit of warship, and it's real similar it says hey I'm the only heir or ma me and my brother or whoever and it kind of lays forth how this property goes to your heirs and real estate generally will fall outside the probate State, so that's an easy and much cheaper thing we can do sounds a lot more simple as far as the process goes can you walk us through a little more through the general process and then the time requirements to what does it take well you know if it is simply transferring real estate we can do that you there is no long time requirement we can do it almost instantly the smallest state can be done after someone's been passed for 45 days if you can do the smallest state then once the small of the state affidavit is approved it goes immediately to the person who's in charge he pays the debts, or she does he distribute the assets, and then they're discharged it's much quicker sounds a lot easier so if someone watches is interested how can you help them with this matter do you deal with...
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