What is the name of your state (only U.S. law)? NY
Can someone please explain the small estate affidavit thing for NY to me? I tried googling but I'm not finding a satisfactory answer for my question.
My question concerns this quote taken from the NY surrogate court website:
Can someone please explain the small estate affidavit thing for NY to me? I tried googling but I'm not finding a satisfactory answer for my question.
My question concerns this quote taken from the NY surrogate court website:
Does that mean an estate owning property is exempt from a small estate affidavit if the decedent owned property? Are there no exceptions, like even if the total estate is still worth less than 30k even with the current property value?If the value of the estate is under $30,000 (exclusive of certain types of property, the clerk of court can provide more information as to whether you qualify), for a person dying on or after January 1, 2009, and the decedent owned no real estate, a small estate proceeding may be filed. (The amount is $20,000 for persons dying before January 1, 2009.) The filing fee is only $1.00. This proceeding is available for persons who died with or without a will.