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Small Estate Affidavit Form - Tennessee
Tennessee Small Estate Affidavit Form: What Is It?
For residents of Tennessee, a Tennessee Small Estate Affidavit Form is a legal document that allows an heir to collect a small estate after an individual has passed away. The main reason for doing this is that it avoids the long probate process which usually takes a considerable amount of time. By creating and signing the Tennessee Small Estate Affidavit, the person inheriting the assets should make sure that the total value of the estate is not bigger than the maximal threshold set out by the state legislature.
A fillable Tennessee Small Estate Affidavit can be downloaded by clicking the link below.
How to File a Small Estate Affidavit in Tennessee?
In Tennessee, there are several requirements which regulate small estate affidavit forms within the state. The regulations and laws surrounding this document will differ from state to state. Therefore, we would suggest getting to know the fine details of the legislation in Tennessee to make sure that the process runs smoothly. We have put together a list of the crucial laws that you need to be aware about:
- As in every state, there is a minimal amount of time that needs to pass after the death of the individual owning the estate. In Tennessee, this time period is at least forty five days;
- The maximal total value of assets within the estate should be no more than fifty thousand dollars;
- There may also be a requirement to pay an estate bond to the local state - but this is not always the case;
- You will also need to pay a fee in order to file the document but this will vary between various counties;
- The document should be signed before a notary public.
Filing a Small Estate Affidavit in Tennessee is a relatively simple procedure as long as you are aware of what steps to take. The main information concerning this process is outlined below:
- Before you begin, you must ensure that the minimal time period has ended. This is forty five days in Tennessee;
- Make sure there are no individuals applying to be a personal representative;
- Download and fill in the affidavit form. You will also need to prepare a copy of the will if there is one;
- Then, all that you will need to do is file the form along with the appropriate documents to the local probate court.
Download Small Estate Affidavit Form - Tennessee
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