Small Estate Administration Attorney Matthews, NC

Dealing with estate administration complexities, especially concerning limited assets, can be simplified through methods like the small estate administration approach. This option serves to streamline probate procedures for relatively modest estates. Generally, eligibility for small estate administration necessitates assets excluding real estate and falling below $20,000 or less and is not to be used if the descendant owned real estate in his or her own name.

When small estate administration applies, designated beneficiaries can obtain the decedent’s assets by submitting an affidavit of collection. This sworn declaration establishes the asset distribution process. It’s worth noting that even under this streamlined process, clearing any outstanding debts owed to the decedent’s creditors often precedes the allocation of estate assets.