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Committee reviews plan to raise limits for simple estate affidavits and add annual cost‑of‑living adjustments
Summary
Senate Bill 15 would raise the dollar limits for Oregon's simple estate affidavit process, add an annual cost‑of‑living adjustment mechanism, and create a higher‑value path for estates with a single devisee.
Senate Bill 15 would increase the asset limits that qualify an estate for Oregon's simple estate affidavit procedure and require the State Court Administrator to apply annual cost‑of‑living adjustments.
The bill's dash‑3 amendment clarifies current limits and adds a higher tier allowing a simple estate affidavit where a decedent's total estate is greater than $275,000 but less than $1 million if one person is the sole devisee and limits on personal and real property allocations are met. The amendment also directs annual administrative COLA adjustments by July 1 for the…
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