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California Probate Code 13100 UPDATE

You may have already heard that California probate code sections 13100 and the sections thereafter are going to be updated for 2012.  The law has been set at $100,000 for California “small” estates since 1996. Before that it had been $60,000. The new law will raise the bar to $150,000 that can be transferred after death without a full probate. It should be noted that just because a formal probate is not required does not mean that a living trust may be a better, cleaner and more efficient option for many.  However, if your loved one has died without a properly funded living trust in place this revision to the law should help out people with modest estates. In some cases it may be wise to do nothing until January 1, 2012 when the new law comes into play.  We can help with Californi
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