summary
Introduced
01/14/2025
01/14/2025
In Committee
02/18/2025
02/18/2025
Crossed Over
Passed
04/29/2025
04/29/2025
Dead
Signed/Enacted/Adopted
05/16/2025
05/16/2025
Introduced Session
126th General Assembly
Bill Summary
Amend The South Carolina Code Of Laws By Amending Section 62-3-1201, Relating To Collection Of Personal Property By Affidavit, So As To Increase The Limit Of Estates To Forty-five Thousand Dollars; By Amending Section 62-3-1203, Relating To Small Estates And Summary Administrative Procedures, So As To Increase The Limit Of Estates To Forty-five Thousand Dollars; By Amending Section 62-3-1204, Relating To Small Estates And Closing By Sworn Statement Of Personal Representatives, So As To Increase The Limit Of Estates To Forty-five Thousand Dollars; And By Amending Section 62-2-401, Relating To Exempt Properties, So As To Increase The Limit Of Exempt Properties To Forty-five Thousand Dollars. - Ratified Title
AI Summary
This bill amends several sections of the South Carolina Code of Laws related to small estates, primarily increasing the estate value threshold from $25,000 to $45,000 in multiple contexts. Specifically, the bill modifies provisions regarding collection of personal property by affidavit, small estate administration procedures, and closing of estate proceedings. Under the new provisions, heirs or successors can more easily collect or distribute a decedent's property when the total estate value is $45,000 or less, which simplifies the probate process for smaller estates. The bill also updates language related to exempt property rights for surviving spouses and dependent children, allowing them to claim up to $45,000 in household items, furniture, automobiles, and personal effects. The changes are designed to streamline estate administration for smaller estates, reducing bureaucratic requirements and making it easier for families to handle the financial and legal aspects of a loved one's estate. The bill will take effect upon approval by the Governor of South Carolina.
Committee Categories
Justice
Sponsors (10)
Ryan McCabe (R)*,
Paula Calhoon (R),
Craig Gagnon (R),
Daniel Gibson (R),
Bill Hixon (R),
Randy Ligon (R),
Cody Mitchell (R),
Weston Newton (R),
Fawn Pedalino (R),
Richie Yow (R),
Last Action
Act No. 26 (on 05/16/2025)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.scstatehouse.gov/billsearch.php?billnumbers=3472&session=126&summary=B |
| BillText | https://www.scstatehouse.gov/sess126_2025-2026/prever/3472_20250416.htm |
| BillText | https://www.scstatehouse.gov/sess126_2025-2026/prever/3472_20250213.htm |
| BillText | https://www.scstatehouse.gov/sess126_2025-2026/prever/3472_20250212.htm |
| Fiscal Note - H3472 2025-01-14 Introduced | https://www.scstatehouse.gov/sess126_2025-2026/fiscalimpactstatements/H3472%202025-01-14%20introduced.pdf |
| BillText | https://www.scstatehouse.gov/sess126_2025-2026/prever/3472_20241205.htm |
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