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New 2012 Legislation AB 1305 Impacts California Probate

This January 1^st, fewer estates will need to go through the California probate court system because of new legislation AB 1305.

Signed into law by Governor Brown this July, AB 1305 increases the minimum value needed for court assisted probate to $150,000, which is $50,000 more than the previous threshold. The minimum value for physical property, including houses, land, and timeshares, has been more than doubled - from $20,000 to $50,000. 

Previously, in cases where a deceased individual’s estate was relatively small, a great deal of the inheritance could get caught up in the fees and potential litigation expenses involved in trust litigation. This law will help save families a great deal of heartache in the wake of a loved one’s death.

Even if you know your estate will not exceed the new limits, thorough and explicit estate planning is crucial for your beneficiaries. For the sake of your loved ones, consider making an appointment today with an attorney experienced in estate planning and distribution.

If you need to sort through will, trust, or probate issues or want to best protect the interests of the loved ones who will be inheriting your estate, the California trust lawyers with The Grossman Law Firm might be able to help. We serve San Diego and outlying areas with estate planning, will contests, and trust litigation services as well as probate and trust administration. Talk to us toll-free at 888-443-6590, or use our quick online contact form to schedule a no-cost consultation today.

Also, be sure to order a copy of Scott Grossman’s must-read FREE book The Insider’s Guide to California Probate and Trust Administration.

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