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Committee raises probate summary threshold to $500,000 in proposed code revision
Summary
The committee advanced Senate File 104 to raise the statutory probate summary threshold from $200,000 to $500,000, with supporters saying the change reflects housing‑market inflation and will reduce costs and court time for families.
The Senate Judiciary Committee advanced Senate File 104 after testimony from trust officers, bankers and attorneys supporting an increase to the summary probate limit from $200,000 to $500,000.
Senator Crago presented the bill, saying the limit was last increased in 2011 and that house values have risen substantially since. He said the change would allow more estates to use the summary probate procedure instead of a long probate. He described the bill as largely mechanical — changing multiple cross‑references to the 200,000 figure…
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