AR Affidavit for Collection of Small Estate by Distributee 2018 free printable template

Form 23. Caption AFFIDAVIT FOR COLLECTION OF SMALL ESTATE BY DISTRIBUTED, and, for the purpose of dispensing with administration of this estate, deceased, state on oath: 1. The decedent, aged, who

How to fill out arkansas small estate affidavit

How to fill out AR Affidavit for Collection of Small Estate by Distributee

1. Obtain the AR Affidavit for Collection of Small Estate by Distributee form from the appropriate court or online.
2. Fill in the decedent's name, date of death, and other personal information as required.
3. List the assets of the estate that qualify as a small estate under Arkansas law.
4. Affirm that you are a distributee of the estate and provide your information including your relationship to the decedent.
5. Indicate if the estate has any outstanding debts or liabilities.
6. Sign the affidavit in the presence of a notary public to ensure it is legally binding.
7. File the completed affidavit with the appropriate court and provide copies to any relevant parties.

Who needs AR Affidavit for Collection of Small Estate by Distributee?

1. Individuals who are distributees or heirs of a decedent's estate in Arkansas.
2. People who are handling the estate of a decedent with a small estate that meets the state's asset limit.
3. Those who need access to the decedent's assets without undergoing formal probate proceedings.

People Also Ask about

What is considered a small estate in Arkansas?

These conditions include: the total value of the estate is less than $100,000 and claims (debts or judgments) against the estate have been paid—there are other exclusions and exemptions from this amount, such as the homestead exemption and spouse and child allowances.

How do I get a small estate affidavit in Arkansas?

Go to the Local Court Clerk's Office with the following: Small Estate Affidavit; Death Certificate; A filing fee of $35; *Disclaimer (*use for each heir that does not want property from the estate);

How much does an estate have to be worth to go to probate Arkansas?

In Arkansas, the probate process is mandatory in a few different circumstances. For example, it's necessary if there are any outstanding creditors who are owed money from the estate (this would include mortgages on property), if the estate is contested or if it's valued at more than $100,000.

What is small estate probate in Arkansas?

SMALL ESTATE: Small Estate laws were enacted in Arkansas in order to allow heirs to receive the property that the deceased wanted them to have without the long process of probate. In Arkansas, you may be able to avoid the probate process or at least shorten the process if certain conditions are met.

Is probate required in Arkansas?

Probate proceedings are usually only required if the deceased person owned any assets in their name only. Other assets, also known as “non-probate” property, can generally be transferred to the other owner without probate. Arkansas has not adopted the Uniform Probate Code.

How do I avoid probate in Arkansas?

If the value of a decedent's estate does not exceed $100,000, you can avoid the probate process entirely by filing a property claim affidavit in the probate court. The affidavit is called an Affidavit for Collection of Small Estate by Distributee.

What qualifies as a small estate in Arkansas?

the total value of the estate is less than $100,000 and claims (debts or judgments) against the estate have been paid—there are other exclusions and exemptions from this amount, such as the homestead exemption and spouse and child allowances. 45 days have passed since the death before filing the affidavit.

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What is AR Affidavit for Collection of Small Estate by Distributee?

The AR Affidavit for Collection of Small Estate by Distributee is a legal document that allows a person entitled to an estate's assets to claim property without the need for formal probate if the estate is below a certain value.

Who is required to file AR Affidavit for Collection of Small Estate by Distributee?

The distributee, or the person who is entitled to inherit the estate, is required to file the AR Affidavit for Collection of Small Estate by Distributee.

How to fill out AR Affidavit for Collection of Small Estate by Distributee?

To fill out the AR Affidavit for Collection of Small Estate by Distributee, you must provide information about the decedent, the distributee, the assets of the estate, and any debts. Additionally, you should include a statement affirming that the total value of the estate does not exceed the statutory limit.

What is the purpose of AR Affidavit for Collection of Small Estate by Distributee?

The purpose of the AR Affidavit for Collection of Small Estate by Distributee is to simplify the process of transferring small estate assets to the rightful heirs without undergoing the lengthy and costly probate process.

What information must be reported on AR Affidavit for Collection of Small Estate by Distributee?

The AR Affidavit must report the decedent's name and date of death, the names and addresses of the distributees, a description of the property being claimed, an estimate of its value, and a statement regarding the total value of the estate.