SB0083

SB0083 amends the Small Estates Article of the Probate Act of 1975 to allow a small estate affidavit to transfer personal property if no letters of.

SB0083 amends the Small Estates Article of the Probate Act of 1975 to allow a small estate affidavit to transfer personal property in a decedent's estate if no letters of office are outstanding on the decedent's estate and no petition for letters is contemplated or pending. The affidavit must list the decedent's known unpaid debts and classify them. The affiant must indemnify and hold harmless all creditors, heirs, and legatees of the decedent and other persons, corporations, or financial institutions relying on the affidavit who incur loss because of reliance on the affidavit.