In general, when someone dies, the estate must go through probate which can be a complicated and lengthy process. But many states provide less complicated options for smaller estates.

Alaska law provides for simplified probate when the value of the entire estate less liens and encumbrances does not exceed the total value of the homestead allowance, exempt property, family allowance, costs and expenses of administration, funeral expenses, and medical and hospital expenses of the last illness.  The decedent’s personal representative, without giving notice to creditors, may immediately disburse and distribute the estate to the persons entitled to it, and then file a closing statement with the court.

Another option in Alaska for heirs or beneficiaries to inherit property is the use of an affidavit. The heirs or beneficiaries prepare an affidavit identifying the assets they are entitled to inherit. This option may be used when the value of the entire estate, wherever located, less liens and encumbrances does not exceed $15,000. After a waiting period of 30 days, the beneficiaries simply present the affidavit to the holders of the decedent’s property and it will be transferred to them.