New Jersey Small Estate Affidavit | Affidavit of Heirship
While many states define “small estates” as $10,000 or more, New Jersey requires a decedent’s estate to go through probate court for distribution among successors unless it is valued at $5,000 or less. If a loved one in New Jersey passes away with an intestate estate, meaning they have no will, then the family or other successors may file an affidavit of heirship or small estate to claim personal property or real estate. The total value of both personal property like bank accounts and real estate may not exceed $20,000.
Affidavit of Heirship: In New Jersey, a “small estate” is considered $5,000 or less for finances, such as bank accounts or trusts.
Small Estate Affidavit: this affidavit covers real estate which may not exceed $20,000 in value.