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Glossary · After the funeral

Small estate affidavit

A sworn form that lets heirs collect a modest estate's assets without full probate, when the estate falls under the state's dollar threshold.

Most states offer a simplified path for small estates. The heir signs an affidavit — under oath, often after a short waiting period — and presents it with a death certificate to banks or other holders to release the assets, skipping a full probate case. Thresholds vary widely, roughly $20,000 to $200,000 depending on the state, and some states exclude real estate.

It is the cheapest, fastest way to settle a modest estate. The court forms are usually free or low-cost, and many people complete the process without a lawyer.

Related
  • ProbateThe court-supervised process of validating a will (if there is one), paying debts, and transferring the deceased's property to heirs. Required in most cases, though some assets bypass it.
  • ExecutorThe person legally responsible for settling a deceased person's estate — paying debts, filing taxes, distributing assets per the will. Named in the will, or appointed by the court if there is none.
  • EstateEverything a person owns at death — real estate, accounts, vehicles, and belongings — minus their debts. The estate is what gets settled and distributed.

This definition is general consumer information, not legal, medical, or financial advice. Industry practices and regulations change occasionally; verify before relying on anything here for a specific decision.

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