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Wills, Estates & Trusts

Oct. 28, 2024

AB 2016: A significant change to small estate petitions for real property

AB 2016 amends the California Probate Code, changing how successors manage a decedent's real property, specifically affecting properties valued under $750,000.

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In August 2024, AB 2016 was finalized, amending key sections of the California Probate Code that impact how successors can manage a decedent's real property held in the decedent's name alone. Normally, this would necessitate a probate proceeding, as most real properties in the state are valued above the small estate affidavit threshold. This update will notably affect the simplified process known as "small estate petitions," especially for real properties valued at less than ...

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