For individuals that reside in the state of New York, a New York Small Estate Affidavit Form is a legal document that legally allows an individual inheriting a small estate to become the new legal owner after the decedent passes away. The main reason why an individual may choose this specific document is that it is a much quicker and easier solution in comparison to the probate process in court.
When a New York Small Estate Affidavit is created, the individual inheriting the estate should be sure that the total assets of the estate do not exceed the maximal permitted amount which is determined by the state.
In New York, there are specific laws that regulate the document and these laws are all state dependent. Below we have compiled a list of the crucial laws that you need to be aware of prior to filing the document:
A fillable New York Small Estate Affidavit can be downloaded by clicking the link below.
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