What NY residents need to know about small estates

What You Need to Know About Your State's Small Estates Limit


Inheritance Law > What You Need to Know About Your State's Small Estates Limit

What You Need to Know About Your State's Small Estates Limit

If you're wrapping up the estate of a state resident who died with an estate that's worth less than a certain dollar amount, you won't have to go through a formal probate court proceeding. 

It doesn't matter whether or not the deceased person left a will; what matters is the value of the assets left behind. If the estate's value is under the "small estates" limit in your state, you can take advantage of a simplified probate procedure, often called a "summary probate." Instead of having a court hearing in front of a judge, you may need only to file a simple form or two and wait for a certain amount of time before distributing the assets.

Click on the state-specific article below to learn about your state's small estate's dollar limit and procedure.


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