The bill H. 3472 proposes amendments to the South Carolina Code of Laws regarding the handling of small estates. Specifically, it seeks to increase the limit for an estate to qualify for simplified administrative procedures from $25,000 to $50,000 across three sections: Section 62-3-1201, which pertains to the collection of personal property by affidavit; Section 62-3-1203, which addresses small estates and summary administrative procedures; and Section 62-3-1204, which relates to closing estates by sworn statement of the personal representative.

These amendments will allow for a more streamlined process for settling estates that fall under this new threshold, thereby reducing the administrative burden on personal representatives and expediting the distribution of assets to heirs. The bill is set to take effect upon approval by the Governor.

Statutes affected:
12/05/2024: 62-3-1201, 62-3-1203, 62-3-1204
02/12/2025: 62-3-1201, 62-3-1203, 62-3-1204
02/13/2025: 62-3-1201, 62-3-1203, 62-3-1204
04/16/2025: 62-3-1201, 62-3-1203, 62-3-1204
Latest Version: 62-3-1201, 62-3-1203, 62-3-1204