Wills, Estates & Trusts
Oct. 2, 2024
Legislative update: How AB 2016 transforms small estate probate procedures
AB 2016 raises the value threshold for transferring a decedent's primary residence to $750,000, simplifying the process for many estates.
R. Sam Price
State Bar-certified specialist in estate planning, trust, and probate law and founder
Price Law Firm, APC
Shutterstock
A recent legislative development is set to alter the landscape of small estate probate in California. Assembly Bill 2016 (AB 2016) introduces substantial changes to the probate process for small estates. With the bill signed, attorneys need to be prepared for its potential impact, which could take effect as soon as ne...
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