Arkansas Small Estate Affidavit

Not every estate needs to go through formal probate. In Arkansas, smaller estates can often use a simplified process.

At a glance

How a small estate affidavit usually works

1. Confirm the estate qualifies: add up the assets that count toward the limit. Assets that pass outside probate, such as accounts with a named beneficiary, jointly owned property and living trust assets, are often not counted.
2. Wait for the required period after the death.
3. Complete the affidavit form used in the state or county, sign it under oath, usually before a notary, and attach a certified death certificate.
4. Present it to the bank, DMV or other holder of the property, who then releases the asset.

The person signing usually swears that the estate qualifies and that debts will be handled properly. Signing a false affidavit can create personal liability.

When full probate is still needed

• The estate is worth more than the limit.
• Real estate is involved and the state does not allow it in the simplified process.
• Heirs disagree, or there are significant debts or creditor claims.

More: how probate works, what happens if you die without a will and the executor checklist. An estate planning lawyer can confirm whether the small estate process fits.

Sources

1. RecordingLaw: Small estate affidavit limits by state