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LSDefine

Simple English definitions for legal terms

Small estate

Read a random definition: special circumstances

A quick definition of Small estate:

Small estate: A small estate is when someone who has passed away has left behind limited property or money. When this happens, the process of dividing up their belongings and money can be very long and expensive. To make things easier, some states have created rules for small estates. These rules allow for a quicker and less expensive process for dividing up the property and money. The rules vary by state, but they usually apply to estates that are worth less than a certain amount of money. Some states require a quick legal process, while others allow the process to be skipped entirely with just a death certificate and a written statement from each person who is entitled to a share of the estate.

A more thorough explanation:

Small estate refers to an estate with limited value that can go through a shorter probate process or avoid probate altogether. Probate is a legal process that can be lengthy and expensive for all parties involved. To make things easier, states have created small estate classifications for estates valued below a certain amount.

For example, in some states, an estate valued below $30,000 can go through a quick probate process that often does not require a lawyer. In other states, probate can be skipped entirely, and only a death certificate and an affidavit from each person claiming to be entitled to part of the estate are required.

These examples illustrate how small estate classifications can make the probate process easier and less expensive for those involved.

small entity | smaller reporting company

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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