Small Estate Affidavit in El Paso, TX
There are less expensive alternatives instead of going through the full probate process in court. If your loved one died without a Will, depending on the size of the estate, a Small Estate Affidavit can be used if the value of a homestead or exempt property is less than $75,000. A Small Estate Affidavit is a legal document in which property owned by the decedent is transferred to the beneficiaries. Contact The Law Office of Steve Ortega, PLLC, to learn about your options regarding your legal issues and see if a Small Estate Affidavit can be used to transfer your loved one’s estate.
When can a Small Estate Affidavit be used?
• Small Estate Affidavit can be filed 30 days following the death of the decedent.
• The decedent passed away without a Will, and the family would like to distribute the estate without an appointed administrator.
• Estate assets (excluding a homestead and exempt property) cannot exceed $75,000.00.
• The decedent only had a few assets (bank account, savings bonds, vehicle).
• No title to real property needs to be transferred.
The Small Estate Affidavit includes:
• Two signatures of disinterested witnesses
• Signatures of the heirs
• Relationship of the decedent
• The date the decedent passed away
• The decedent’s marital history
• The decedent’s family history
At the Law Office of Steve Ortega, PLLC, we understand the emotional and financial stress that comes after losing a loved one. We strive to solve your legal issues most efficiently and cost-effectively possible. Hiring an experienced probate lawyer can help you determine the best way to handle any legal issues that arise regarding your loved one’s estate.
