A minor estate is a small estate that can be passed on without going through the probate process. Each state has its own definition of what constitutes a minor estate, but it typically includes estates worth less than $100,000. In some cases, the limit may be as high as $250,000. There may also be limits on the types of assets that can be included in a minor estate, such as real estate or retirement accounts.
There are several benefits to claiming a minor estate. First, it can save time and money. The probate process can be lengthy and expensive, and it can take months or even years to complete. Claiming a minor estate allows you to avoid these delays and costs.
