December 12, 2011
What’s new in 2012
When a person dies with just a few assets not otherwise formally disposed of, California law provides for “small estate procedures” to handle those assets. Until December 31, 2011, the limits for a “small estate” to be handled with those procedures have been $100,000 in general assets and up to $20,000 in real estate.
Starting January 1, 2012, the new limits will be $150,000 in general assets and up to $50,000 in real estate.