What is a small estate affidavit?

A small estate affidavit is a way to transfer ownership of assets of a deceased person in Alaska without having to go through a full probate process. The affidavit must be filed in court and provide evidence that the person’s estate is valued at less than $75,000, excluding real property. In Alaska, the affidavit must include the deceased person’s name, date of death, and a list of assets included in the estate. It must also provide proof of the estate representative’s relationship to the deceased, such as a marriage or birth certificate. The small estate affidavit is a much simpler and quicker process for transferring assets than going through a full probate process. To use the affidavit, all creditors must be paid by the estate representative, and all heirs must sign the affidavit. The affidavit must also be notarized. Once all of these steps are complete, the estate representative can file the affidavit in court and present the judge with proof of payment of debts. Once the judge grants approval of the small estate affidavit, the assets can be transferred out of the estate. This is a great option for many people in Alaska as it can save a lot of time, paperwork, and money.

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What is a small estate affidavit?

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