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CT HB05407
Bill
Status
5/26/2010
Primary Sponsor
Toni Harp
Click for details
AI Summary
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Establishes new probate fee structure for estates with proceedings commenced on or after January 1, 2011, using a tiered system based on the greatest of gross estate, inventory, Connecticut taxable estate, or federal gross estate, with costs ranging from $25 to $12,500 depending on estate value.
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Property passing to a surviving spouse is reduced by 50% when calculating the basis for costs, and minimum cost is $150 for full estates under $10,000.
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For estates valued at $4,754,000 and over, establishes a flat fee of $12,500 instead of a percentage-based calculation.
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Implements interest charges at 0.5% per month on unpaid probate costs assessed after January 1, 2011, with exceptions for estates under $40,000 or under $500,000 with property passing to a surviving spouse.
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Permits courts to require recordings of probate proceedings upon written request by a party or attorney, with costs charged to the person requesting the recording.
Legislative Description
An Act Concerning Probate Fees And The Recording Of Probate Proceedings.
Last Action
Signed by the Governor
6/8/2010