Missouri Small Estate Administration — Probate
There are in fact instances when probate is not a complete pain. Under Missouri law, if a decedent’s estate is worth (1) less than forty-thousand dollars ($40,000), (2) formal Letters Testamentary or Letters of Administration (or other Letters) are pending or are refused, (3) the personal representative submits an affidavit taking on personal responsibility for the estate’s debts, and (4) there is a publication notice to creditors — then a small estate probate administration will be possible.
The reason this procedure exists is because there simply is not always enough assets to justify the expense of a lengthy estate administration. Contact us with any questions.