HB2919 amends the Small Estates Article of the Probate Act of 1975 to allow a small estate affidavit to transfer personal property if the estate is.
HB2919 amends the Small Estates Article of the Probate Act of 1975. It allows a small estate affidavit to be used to transfer personal property in a decedent's estate if no letters of office are outstanding and no petition for letters is pending. The estate must be limited to tangible and intangible personal property not exceeding $150,000 and motor vehicles, trailers, and mobile homes registered with the Secretary of State. The affiant must indemnify and hold harmless all creditors, heirs, and legatees of the decedent's estate.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.