SummarySenate Bill 83 raises the value threshold of a small estate that is eligible to use a notarized small estate affidavit to transfer property, provided the estate meets specific requirements, as specified.
AnalysisSenate Bill 83 simplifies the probate process for resolving small estates after a person's death. By increasing the maximum value of a small estate from $100,000 to $150,000, it allows more families to file a small estate affidavit instead of going through a more complex and costly probate court proceeding. The small estate affidavit is prescribed in statute already and must be signed and sworn to before a Notary Public. Given the importance of the bill, it is effective immediately.
Read Senate Bill 83.