IA HF2660

Increases the maximum gross value of personal property eligible for small estate affidavit procedures from $50,000 to $100,000, allowing successors to collect decedent property without formal probate proceedings.

Requires decedent's probate assets to consist only of personal property with no real estate interest to qualify for the simplified affidavit distribution process.

Eliminates the real property exception that previously applied to deaths occurring before January 1, 2025, where real property passed to inheritance-tax-exempt joint tenants with survivorship rights.

Requires Child Support Services to make available a form meeting affidavit requirements for successors when undistributed child support owed to the decedent is held by child support services or the collection services center.

Clarifies that proceeds from payable-on-death bank deposit accounts remain subject to Iowa inheritance tax only for deaths occurring prior to January 1, 2025.