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2001 SESSION

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HB 2613 Waiver of inventory and settlement for certain estates.

Introduced by: Vivian E. Watts | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Waiver of inventory and settlement for certain estates. Provides that when (i) a personal estate under the supervision and control of the personal representative or curator does not exceed $10,000 in value, (ii) the personal representative or curator does not have the power of sale over real estate, and (iii) an heir, beneficiary or creditor whose claim exceeds the value of the estate seeks qualification, the clerk shall waive inventory and settlement.

SUMMARY AS PASSED HOUSE:

Waiver of inventory and settlement for certain estates. Adds the following conditions before a clerk is required to waive inventory and settlement: the estate must be a personal estate under the supervision and control of the personal representative or curator and the personal representative or curator does not have the power of sale over real estate. Existing law requires only that the estate not exceed $10,000 in value and that an heir, beneficiary or creditor whose claim exceeds the value of the estate seek qualification.

SUMMARY AS INTRODUCED:

Waiver of inventory and settlement for certain estates. Provides that when a personal estate under the supervision and control of the personal representative or curator does not exceed $10,000 in value, the personal representative or curator does not have the power of sale over real estate, and an heir, beneficiary or creditor whose claim exceeds the value of the estate seeks qualification, the clerk shall waive inventory and settlement.