If enacted, this bill would amend current statutes regarding small estate administration by increasing the monetary limits for property that can be claimed through an affidavit. Specifically, the cap for personal property would rise from $75,000 to $100,000, and the limit for real property would increase from $100,000 to $150,000. These changes would allow successors to claim a larger portion of a decedent's estate without the need for formal probate proceedings.

The bill also modifies the language surrounding the affidavit process, ensuring that the requirements for claiming property remain clear and consistent. It maintains the existing conditions that must be met for a successor to claim property, such as the absence of a pending petition for a personal representative and the discharge of any appointed representative. Overall, the updates aim to streamline the process for small estate claims while providing greater access to the decedent's assets for successors.

Statutes affected:
Introduced Version: 14-3971