AR HB1449

Establishes "Carmack's Law" allowing a distributee of a small estate to collect and distribute assets without appointing a personal representative when conditions are met

Permits opening of checking or savings accounts in the decedent's estate name without filing a petition for probate or obtaining a court order

Requires the estate value to not exceed $100,000 (excluding homestead and statutory allowances) and 45 days to elapse since the decedent's death

Mandates filing an affidavit with the probate clerk containing itemized property descriptions, valuations, and names/addresses of relevant parties and beneficiaries

Requires providing a certified copy of the affidavit to any person owing money, holding property, or acting as a registrar or transfer agent