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.

Wisconsin law provides for simplified probate when the value of the estate less the amount of the debts for which any property in the estate is security does not exceed $50,000 and the decedent is survived by a spouse or one or more minor children.  A person who has standing to petition for administration of the estate may petition for a summary settlement.

Another option in Wisconsin 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 property subject to administration in this state, less does not exceed $50,000.