Probate
Sep. 30, 2020
Navigating increased probate thresholds under Assembly Bill 473
The bill increased thresholds for “small estates” to avoid formal probate proceedings.
As of this year, increased probate thresholds apply to decedents' estates in California.
A formal probate proceeding provides judicial oversight of the administration of a decedent's estate to ensure all debts, taxes and expenses are properly satisfied; to certify the decedent's assets are properly inventoried and appraised in the estate and to confirm the proper distribution of the decedent's estate in accordance with the decedent'...
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