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Article 25. Small Estates. 28A251. Collection of property by affidavit when decedent dies intestate. (a) When a decedent dies intestate leaving personal property, fewer liens and encumbrances thereon,
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What is small estates?
Small estates refer to the assets and properties of a deceased individual that have a total value below a certain threshold, typically defined by state law.
Who is required to file small estates?
The individual or individuals responsible for handling the deceased person's estate, such as the executor or administrator, are generally required to file for small estates.
How to fill out small estates?
Filling out small estates typically involves gathering necessary documentation, such as the death certificate and relevant financial information, and submitting them to the appropriate legal or probate authorities.
What is the purpose of small estates?
The purpose of small estates is to simplify the process of transferring assets and properties of a deceased individual, especially when the total value of the estate is relatively low.
What information must be reported on small estates?
The specific information required to be reported on small estates may vary depending on the jurisdiction, but generally includes details of the deceased person, a list of assets, debts, and beneficiaries, and any necessary supporting documentation.
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