if assets are low is there a shorter cheaper way to probate

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if assets are low is there a shorter cheaper way to probate

no will, house worth 10,000. no cash

Asked on February 15, 2018 under Estate Planning, Oklahoma

Answers:

M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney

Answered 3 years ago | Contributor

Probate can be costly and time consuming. Accordingly, most states have a special expedited (and cheaper) process for probating an estate. In fact, if the estate is small enough, a simple small estate affidavit can be filed. In OK, if the total value of a deceased person’s probate property (not including real estate) that would otherwise go through probate court is less than $20,000, that property can be obtained by the deceased person’s successors by the use of a such an affidavit. However, since real estate is involved, you will need to probate your father's estate. For state specific advise, you may want to consult directly with a local pbate attorney.


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