Small Probate Estates
In December, 2010, I posted an article entitled "California Probate Of Small Estates". It discussed the thresholds required by California probate law for an estate to be probated. Those thresholds have been changed as of January 1, 2012.
For estates that own real estate, the threshold for filing an Affidavit Re: Real Property of Small Value is increased from $20,000 to $50,000.
Formal probate proceedings need to be initiated for California decedents when the total value of the real and personal property in the estate exceeds $150,000. The old threshold was $100,000.
For help from a California lawyer with experience in probate matters, call Mitchell A. Port at (310) 559-5259.