UPDATE AS OF JANUARY 1, 2020 - THE LIMIT IS NOW $166,250 OR LESS FOR SMALL ESTATE PROCEDURES - Probate Sacramento CA

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UPDATE AS OF JANUARY 1, 2020 – THE LIMIT IS NOW $166,250 OR LESS FOR SMALL ESTATE PROCEDURES

Posted by John B. Palley on Wednesday, January 1st, 2020 in New Laws, Probate Code

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UPDATE AS OF JANUARY 1, 2020 – NEW LAW FOR THE NEW YEAR.

THE LIMIT IS NOW $166,250 OR LESS Instead of the old law of $150,000 for small estate procedures. This will enable a few more estates to sneak into small estate territory but really it’s a minor change as it’s been set at $150,000 for about 15 years or more!

The same number, $166,250, also applies for the probate code section 13100 small estate affidavits.

Also the former $50,000 limit for small estate affidavits for transferring real property of low value is now changed to $55,425.