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4B702. Verified small estate closing statement of the personal representative. [For use with Rules 1B304, 1B306, and 1B601 NMRA] STATE OF NEW MEXICO COUNTY OF BERNALILLO SECOND JUDICIAL DISTRICTIN
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How to fill out verified small estate closing

01
Obtain a copy of the death certificate of the deceased individual.
02
Determine if the estate meets the criteria for a small estate closing, as defined by state laws.
03
Complete the necessary forms provided by the probate court, including a petition for verified small estate closing.
04
Gather all relevant documents and information related to the deceased individual's assets and debts.
05
File the completed forms and documents with the probate court and pay any required filing fees.
06
Wait for the court to review the petition and other documents, and attend any hearings or proceedings as necessary.
07
Once the court approves the verified small estate closing, distribute the assets to the rightful heirs and settle any outstanding debts.

Who needs verified small estate closing?

01
Individuals who have lost a loved one and need to close out the deceased individual's estate in a timely and cost-effective manner.
02
Those who are dealing with a small estate that meets the criteria for simplified probate procedures.
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Verified small estate closing is a simplified legal procedure that allows for the distribution of a deceased person's estate without the need for formal probate proceedings, provided that the estate's total value meets certain thresholds established by law.
The individual designated as the personal representative or executor of the estate is required to file a verified small estate closing on behalf of the decedent's estate.
To fill out a verified small estate closing, you need to complete the necessary forms with accurate information regarding the deceased's assets, debts, and beneficiaries, and provide supporting documentation as required by local laws.
The purpose of verified small estate closing is to provide a quicker, more cost-effective method for settling an estate and transferring assets to the heirs without the complexities of a full probate process.
Information that must be reported includes the decedent's name, date of death, an itemized list of assets and their values, liabilities, and the names and contact information of all heirs or beneficiaries.
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