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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