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AR HB1069

Bill

Official Source

Status

Introduced

12/20/2018

Primary Sponsor

Brian Evans

Click for details

Origin

House of Representatives

92nd General Assembly (2019 Regular)

AI Summary

  • Increases the maximum value of a decedent's property eligible for estate distribution without appointing a personal representative from $100,000 to $250,000
  • Applies the new threshold to the net value (less encumbrances) of all property owned by the decedent at the time of death
  • Amends Arkansas Code § 28-41-101(a)(3)(A) to reflect the updated asset value limit
  • Simplifies the probate process for smaller estates by allowing more estates to be distributed without formal personal representative appointment

Legislative Description

Concerning The Distribution Of Assets Of An Estate Without The Appointment Of A Personal Representative.

Last Action

WITHDRAWN BY AUTHOR

2/5/2019

Committee Referrals

Judiciary1/14/2019

Full Bill Text

No bill text available