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This document is a bond that ensures the distributees of an estate in St. Charles County, Missouri, will fulfill their obligations regarding the payment of debts, taxes, and funeral expenses associated
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How to fill out BOND OF DISTRIBUTEES FOR COLLECTION OF SMALL ESTATE

01
Gather necessary information: Collect details of the decedent, including their full name, date of death, and residence.
02
Identify distributees: List all heirs and beneficiaries who are entitled to inherit from the estate.
03
Obtain bond form: Acquire the specific bond form required for the small estate, which may be available from the probate court or online.
04
Fill out the form: Complete the bond form by providing personal information for each distributee, including names, addresses, and relationship to the decedent.
05
State the value of the estate: Indicate the total value of the estate being collected, ensuring it qualifies as a small estate under local laws.
06
Sign and date the form: Have all distributees sign and date the bond to confirm their agreement and acknowledgment.
07
Notarization: If required, have the bond notarized to validate the signatures.
08
Submit the bond: File the completed bond form with the appropriate probate court along with any necessary attachments or fees.

Who needs BOND OF DISTRIBUTEES FOR COLLECTION OF SMALL ESTATE?

01
Individuals who are heirs or beneficiaries of a decedent's estate that qualifies as a small estate.
02
Distributees seeking to collect assets from the decedent's estate without undergoing formal probate proceedings.
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People Also Ask about

Summary administration is used if the value of the estate is $75,000 or less, or the decedent has been dead for more than 2 years. Summary administration is generally a more streamlined and less expensive procedure than formal administration. It can be conducted without an attorney.
An Arkansas small estate affidavit is used to collect the personal property of a person who died when the person had an estate valued at less than $100,000. It cannot be filed until 45 days have elapsed since the death.
In Florida, there is no small estate affidavit but Summary Administration can be used instead.
Florida allows a process called “disposition of personal property without administration” for any estate's with probate assets that are valued at less than the reasonable funeral expenses and medical bills for the last 60 days.
If the value of the estate is over $15,000 or the estate includes any interest in real estate, then Missouri law mandates the assistance of an attorney when filing a small estate affidavit.
ADMINISTRATIVE ORDER Full Deceased EstatesCosts Small Estate Costs $40,000 or less, including real estate and personal property. Affidavit (no Will being admitted to probate) $65.50 Affidavit and admitted Will (filed at same time) $100.50104 more rows
An Affidavit of Heirship is a sworn statement, which lists all the decedent's known family members at the time of the decedent's death, and how they are related to the decedent.
In Florida, there is no small estate affidavit but Summary Administration can be used instead. Speed and cost savings are the attractions of Summary Administration. Rather than taking months or years as probate can, summary administration can accomplish a transfer of assets almost immediately after someone's death.

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The BOND OF DISTRIBUTEES FOR COLLECTION OF SMALL ESTATE is a legal document that must be filed by distributees of a small estate to ensure proper distribution of assets without formal probate proceedings.
Distributees or heirs who are seeking to collect and distribute assets of a decedent's small estate are required to file this bond.
To fill out the bond, include the names of all distributees, the value of the estate, a description of the assets, and ensure that all required signatures and notary acknowledgments are completed.
The purpose of the bond is to protect the interests of all potential heirs and creditors by ensuring that distributees will appropriately handle the estate's assets.
The bond must report the names and addresses of all distributees, the relationship to the deceased, the value of the estate, and any specific instructions regarding asset distribution.
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