Maine Small Estate Affidavit
After thirty (30) days have passed since an individual’s death (a party referred to as the Decedent) a person (the Successor) may lawfully make use of a Maine Small Estate Affidavit. They may furnish it to any individual who is a) indebted to the Decedent, b) in possession of the Decedent’s tangible personal property, or c) in possession of any instrument that is defined by state law as a debt, obligation, stock or chose in action regarding the Decedent. Once presented with a lawful Affidavit, the person must make the due payment or delivery of property owed to the Successor.
Laws & Required Conditions
Laws: 18-A, Part 12
Maximum Estate Value: $20,000
Required Conditions: In addition to the fact that the value of the estate must fall within the prescribed maximum, the state outlines three (3) rules that apply to the execution of all Maine Small Estate Affidavits:
- The Affidavit must only be presented at least thirty (30) days after the Decedent’s death,
- It is not possible to execute one if there is a current or pending appointment of a personal representative,
- The individual making use of the Affidavit must be lawfully entitled to the payment or property they are trying to claim.