Probate: Small Estate Collection by Affidavit in North Carolina

North Carolina provides an alternate probate administration processes to the formal administration of an estate. One such abbreviated process is known as Collection-by-Affidavit, which is used only in Small Estates. Using this method can save time and money for both the administrator and the beneficiaries. In this article, the requirements for qualifying as a Small Estate, the general Collection-by-Affidavit process and its benefits are discussed. Although the threshold limits for Small Estate qualification are lower in preceding years, this article will focus on the limits imposed if the decedent died on or after 1/1/2012. QUALIFICATION AS SMALL ESTATE Unmarried Decedent: An estate qual

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