When a family member passes, the remaining family must come together to see what should be done with the items left behind. Legally, a will and a small estate affidavit can make these decisions easier as they are prepared by the owner before death. If you or someone you know is looking to get their assets in order, read on to learn more about a small estate affidavit Beaverton OR.
What is a Small Estate Affidavit?
A small estate affidavit, along with a will, allows a person’s property to be transferred per their wishes upon their death. By listing all the properties and receivers in the affidavit, the property can be distributed without a lengthy court process. In Oregon, these affidavits can only be filed if the personal property equals less than $75,000 and real property is valued at less than $200,000. Personal property includes any holdings within a … Read the rest