What Is Small-Estate Administration?
In Missouri, the probate process can be simplified when an estate is valued at less than $40,000. The simplified process for such small estates is often referred to as small-estate administration.
If the deceased did not have any estate planning documents and owned property in excess of $40,000 in his or her name alone with no designation as to whom the property should pass at the time of his or her death, then that property will have to go through the probate process. The process will take at least six months and will require a great deal of time on the part of your family members and at a significant cost.
If you have lost a family member and the value of the estate is less than $40,000, Lisha A. Seery, LLC, can guide you through the deceased estate administration process. Attorney Lisha Prater Seery has more than 20 years of experience guiding clients through the estate administration process in Springfield and throughout the surrounding communities in southwestern Missouri.
Simplified Probate For Small Estates
The process of administering a small estate typically requires that an interested party file an affidavit that describes the decedent’s property and debt as well as information about the individuals who are entitled to receive the property.
This simplified process can be completed in a dramatically shorter period of time than a conventional probate. An experienced lawyer can help you determine if you can benefit from the time and cost-savings of deceased estate administration.