Ryan J Orr's Podcast

Key Legal Changes Effective April 1, 2025 (AB 2016):Simplified Probate for Primary Residences: A significant change allows for a simpler process to transfer a primary residence valued up to $750,000 without going through full formal probate, provided the death occurred on or after April 1, 2025. This is a substantial increase from the previous limit.Increased Small Estate Thresholds: The total value of an estate (excluding the primary residence up to $750,000 under AB 2016 provisions) that can be administered using summary procedures (like Small Estate Affidavits) is increasing. The general maximum estate value for collecting personal property without full probate is rising to $208,850 for deaths on or after April 1, 2025. The limit for real property of small value is also increasing to $69,625."Effective April 1, 2025, for dates of death occurring on or after April 1, 2025, several changes to the law will permit even more decedents’ estates to be administered using summary procedures." - "What