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ALABAMA Where the net estate is $27,000 or less, an affidavit may be filed stating the value of the net estate, that at least 10 days have passed since death, that no one has filed an application to be appointed executor, and that the person filing the affidavit has a right to payment from the estate. (Section 15-12-1201) There is also a simplified procedure for smaller estates. If the total estate value after subtracting debts is less than the combined total of the exempt property allowance, family allowance, administration expenses, funeral expenses and expenses of last illness, then the executor is allowed to make immediate distribution to the beneficiaries. The executor must file a sworn statement that the estate did not exceed the allowed value, that executor has made distribution to the proper beneficiaries, and that the executor has provided a closing statement to the beneficiaries and creditors along with a full written accounting. (Section 15-12-1203,1204) ALASKA Alaska provides an expedited procedure when the value of the entire estate, less debts, does not exceed the total of administration cost, statutory allowance, expenses of last illness, and executor fees. In this case, the executor is able to immediately distribute the estate to the beneficiaries without giving notice to creditors. (Code Section 13.16.690). Once the estate has been distributed, the executor files a sworn Closing Statement setting forth certain facts and mails a copy of it to all beneficiaries and creditors. (Code Section 13.16.695) ARIZONA If the total inventory value is less than the combined total of the exempt property allowance, family allowance, homestead allowance administration costs, funeral expenses and expenses of last illness, then the executor is allowed to make immediate distribution to the beneficiaries. The executor then closes the estate by filing a sworn statement stating that the value did not exceed the required total, that the ex...See the full content of this document
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