Document background
The Small Estate Affidavit For Bank Account serves as a streamlined alternative to formal probate proceedings in the United States. This document becomes relevant when a person dies leaving bank accounts with values below their state's small estate threshold. It includes detailed information about the deceased, the declarant, and their relationship, along with specific details about the bank accounts in question. The affidavit is particularly useful for families seeking to avoid the time and expense of formal probate proceedings while ensuring legal compliance with state-specific requirements for asset transfer. It must be properly executed and often requires notarization to be valid.
