Act Fast as Claiming Successor

ACT FAST as the Claiming Successor of an Estate!

By Patricia Louise Nelson of Two Spruce Law P.C.

So, You’ve filled an Affidavit of Claiming Successor with the court so you are now in charge of administering a small estate in Oregon.  Please act quickly! The filing of that affidavit starts a 4-month timeline by which the estate must be administered. At the end of that 4 months, your authority as the claiming successor disappears. 

Sell estate assets. Access the deceased person’s bank accounts. Access his or her investment accounts. Pay all the money they owed to anyone.

Do not make distribution before the end of the 4 months. Once the 4 months is up, you may make distribution of the remaining estate assets.

Avoid delay. Get the job of claiming successor done in the allowed 4-month timeline or we may be forced to convert the small estate into a full probate, resulting in more expense and delay.