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OR SB15
Bill
Status
6/23/2025
Primary Sponsor
Kim Thatcher
Click for details
AI Summary
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Amends Oregon's simple estate affidavit eligibility by reclassifying manufactured homes from personal property to a combined category with real property for valuation purposes
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Sets the personal property threshold (excluding manufactured homes) at $75,000 fair market value for estates qualifying for the simplified affidavit process
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Establishes a $200,000 combined threshold for real property and manufactured homes together, rather than counting manufactured homes separately under the personal property limit
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Defines "manufactured home" as a structure built for highway movement with sleeping, cooking, and plumbing facilities, used for residential purposes and constructed to federal safety standards
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Applies to estates of decedents dying on or after the effective date of the Act
Legislative Description
Relating to simple estates.
Last Action
Effective date, January 1, 2026.
6/23/2025