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  June 11, 2020

In this series of blogs, I am outlining various different types of probates or probate alternatives to settle an estate and their likely costs. As I mentioned in the introduction to this series, the cost is predominantly determined by the type of procedure followed. 

In Part One, I discussed probate as a muniment of title, which usually is one of the least expensive procedures. In Part Two, I discussed the cost of an independent administration of the estate. Both of those procedures require the decedent to have had a will. If there is no will, the least expensive way to settle the estate through a court proceeding is a small estate affidavit.  



Affidavit in block letters
If your loved one died without a Will, there will be several different ways you might be required to proceed to accomplish the transfer of his or her assets to his or her legal beneficiaries. The legal beneficiaries will be defined by state law, not necessarily those people your loved one intended to receive assets. That is one disadvantage of not having a Will.

Some of the legal proceedings required when there is no Will are quite complicated and very expensive. When you consult with an attorney in such a situation, you will want to explore with him or her the possibility of using a Small Estate Affidavit probate proceeding.
 

What Is A Small Estate Affidavit?

This procedure can be used where there is no Will. It is the least expensive court action to handle the estate in that situation.

This is a simple action in which a formal affidavit is filed with the court. The affidavit outlines the family history of the decedent, property owned, and other facts that would determine who are the legal heirs.

This procedure can only be used, however, if the value of the estate, excluding a homestead, is under $75,000. As defined in the statute, the homestead must be resided in by a qualifying person such as a surviving spouse or dependent child. 

The affidavit must be signed under oath by the heirs of the decedent. 

Steps In The Small Estate Affidavit Procedure:

  • All of the information needed to complete the affidavit must be gathered. Then, all of the heirs must sign the affidavit under oath. Rounding up all of the heirs is sometimes difficult. 
  • Once the affidavit is complete, it is filed with the probate court in the county where the decedent lived. 
  • A hearing is set for the county judge to take testimony in support of the facts set out in the affidavit. 
  • If the judge is satisfied with the truthfulness and completeness of the affidavit, he or she will sign an order approving the affidavit. 
  • You can then use the order approving the affidavit to transfer property. 

This, as you can see, requires very little court action. 

Cost Of The Small Estate Affidavit Procedure

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The attorney’s fee for this action will depend entirely on how complicated the heirship situation is. Sometimes drafting the affidavit and getting it executed involves only one or two people, and other times, there may be many people strung out across the country that have to be involved. Because of this, the attorney's fee can range from about $1,000 to several thousand dollars.                                                    

The clerk’s filing fee for this procedure is usually about $350. That is generally the only court expense. 

Even though there is still a cost to using the Small Estate Affidavit procedure, this is the easiest and least expensive court proceeding to transfer assets to heirs when there was no Will. If you would like to talk about more about probate or administration of an estate, please call Adair M. Buckner for a free initial consultation.*

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*(The free consultation does not cover actual review of documents or giving legal advice on a specific situation.)

** Please remember that the cost estimates given are only general, ballpark numbers for the Amarillo area and the costs can vary widely depending on many variables in your individual situation.

Article Topics:
Estate Planning Probate Legal Tips