Fillable  Small Estate Affidavit Form for Arkansas Launch Editor

Fillable Small Estate Affidavit Form for Arkansas

The Arkansas Small Estate Affidavit is a legal document that allows individuals to settle the estate of a deceased person without the need for formal probate proceedings, provided the estate meets certain criteria. This form simplifies the process for heirs and beneficiaries, enabling them to access the deceased's assets more quickly and efficiently. If you need to fill out the Small Estate Affidavit, click the button below for assistance.

Launch Editor
Article Map

In Arkansas, navigating the process of settling a loved one’s estate can be daunting, especially when the estate is relatively small. The Arkansas Small Estate Affidavit form serves as a valuable tool for individuals who need to manage the affairs of someone who has passed away, but whose estate does not exceed a certain value threshold. This form simplifies the probate process, allowing heirs or beneficiaries to claim assets without the need for a lengthy court procedure. Typically, the Small Estate Affidavit can be used when the total value of the estate is under $100,000, excluding certain types of property. By completing this affidavit, individuals can assert their right to collect assets such as bank accounts, personal property, or vehicles, streamlining what can often be a complicated and emotional process. It is important to understand the specific requirements and limitations associated with this form, as well as the necessary steps to ensure that it is completed and filed correctly. The Small Estate Affidavit not only provides a legal framework for asset distribution but also offers peace of mind during a challenging time, allowing families to focus on healing rather than navigating bureaucratic hurdles.

Form Sample

Arkansas Small Estate Affidavit

This document is prepared in accordance with the Arkansas Small Estate Distribution Act, specifically for estates that do not exceed the value limit set by state law. It serves to simplify the process of asset distribution without formal probate.

State of Arkansas

County of ____________

I, ____________ [Affiant’s full legal name], residing at [Affiant’s full address], hereby declare under penalty of perjury that the following is true and correct:

  1. Name of Deceased: ____________
  2. Date of Death: ____________
  3. Last Known Address of Deceased: ____________
  4. The Deceased left no will.
  5. The total value of the estate subject to this affidavit does not exceed the limit established by Arkansas law.
  6. List of Assets:
    • Bank Accounts: ____________
    • Real Estate (Description & Location): ____________
    • Vehicles (Make, Model, Year): ____________
    • Other Assets: ____________
  7. List of Debts (if any):
    • Creditor Name and Amount Owed: ____________
    • Other Obligations: ____________
  8. Names and Addresses of Heirs (and relationship to deceased):
    • Heir 1: ____________
    • Heir 2: ____________
    • Heir 3: ____________
    • Additional Heirs: ____________

By signing this affidavit, I assert that the information provided is true to the best of my knowledge and belief. I am aware that any false statement may subject me to the penalties of perjury.

Signature of Affiant: ____________

Date: ____________

Subscribed and sworn to before me, a Notary Public, this ___ day of ____________, 20__.

Notary Public: ____________

My commission expires: ____________

Document Overview

Fact Name Description
Purpose The Arkansas Small Estate Affidavit form allows individuals to claim assets of a deceased person without going through the full probate process, simplifying the transfer of small estates.
Eligibility To use this form, the total value of the deceased's estate must not exceed $100,000, excluding any real estate.
Governing Law This form is governed by Arkansas Code Annotated § 28-41-101 et seq., which outlines the requirements and procedures for small estate affidavits.
Required Information The affidavit must include details such as the deceased's name, date of death, and a list of assets that are being claimed.
Filing Process After completing the form, the affidavit must be signed in front of a notary public and then submitted to the appropriate financial institutions or asset holders.
Timeframe It is advisable to file the affidavit as soon as possible after the death to expedite the transfer of assets and avoid complications.
Please rate Fillable Small Estate Affidavit Form for Arkansas Form
4.74
(Bullseye)
23 Votes

More Arkansas Templates