Which of the following is NOT a requirement for administering an estate by "Small Estate Affidavit" in Delaware?

In Delaware, the "Small Estate Affidavit" process is designed to simplify the administration of estates that meet certain criteria, specifically for estates with relatively low value. One of the key requirements is that the value of the decedent's personal estate must not exceed a specific threshold, which is set at $30,000 for the purpose of qualifying for a small estate.

The correct answer indicates that having a personal estate value exceeding $30,000 is NOT a requirement for administering a small estate by affidavit. In fact, the process is available specifically because the estate falls below this limit. This is critical because the small estate affidavit serves to allow for quicker and less formal handling of the estate, making it accessible to individuals who may not have the means or desire to go through the full probate process.

Additionally, other requirements such as the timing of 30 days since the decedent's death, ensuring there is no petition for a personal representative, and confirming all known debts are settled are indeed necessary conditions that need to be met for the small estate affidavit to be validly executed. These requirements help streamline the process and ensure that the estate is managed responsibly and in accordance with Delaware law.