What is a Transfer by Affidavit?
Wisconsin Statutes allows for the transfer of a small estate to an heir of a decedent, the decedent’s guardian, or a trustee without the necessity of going through a probate proceeding. When a decedent leaves solely owned property with a total value of $50,000 or less, the Affidavit for Transfer of Property can be used. The Affidavit for Transfer is not filed or processed by the Probate Court. It is a matter handled between the heir and institution or other entity holding the decedent’s property.
