How to Use (3 Steps)
Step 1 – Check Requirements
A Small Estate Affidavit can be used to collect assets from other parties if[3]:
- 10 days have passed since death.
- The estate’s total value is $50,000 or less.
- The estate’s taxes and debts have been settled or barred by limitations.
- No personal representative is appointed or in the process of being appointed.
- The affiant is the rightful successor to the assets described in the document.
Step 2 – Complete Affidavit
The affiant must list the assets they are claiming in the Affidavit and have the document notarized. To claim a vehicle, the Small Estate Affidavit (Form MVC-405) should be used.
Step 3 – Collect Assets
The affiant must present the Affidavit to the party holding the decedent’s assets, who will then transfer the assets to the affiant. The affiant can then distribute the assets to the successors as outlined in the Affidavit. The document does not need to be filed anywhere.