SB 843
Increases value of estate for which small estate affidavit may be filed.
| Status | In Senate Committee (SJUD) |
| Session | 2019 Regular Session |
| Sponsors | Kim Thatcher (Republican) (Chief), Shemia Fagan (Democrat) |
| Fiscal impact | May have fiscal impact, but no statement yet issued |
| Revenue impact | May have revenue impact, but no statement yet issued |
Bill Text
Increases the estate value threshold for filing a small estate affidavit to $650,000 total, with no more than $500,000 in real property.
Overview#
Increases value of estate for which small estate affidavit may be filed. Provides that total fair market value of estate may not be greater than $650,000, of which not more than $150,000 may be personal property and not more than $500,000 may be real property. Subtracts value of unclaimed property from fair market value of estate for purposes of determining eligibility to file small estate affidavit.
Legislative History
| Date | Chamber | Action |
|---|---|---|
| 2019-02-26 | S | Introduction and first reading. Referred to President's desk. |
| 2019-02-26 | S | Referred to Judiciary. |
| 2019-04-08 | S | Public Hearing held. |
| 2019-06-30 | S | In committee upon adjournment. |