Bill

Bill > SB15


OR SB15

Relating to simple estates.


summary

Introduced
01/13/2025
In Committee
05/28/2025
Crossed Over
04/03/2025
Passed
06/04/2025
Dead

Introduced Session

2025 Legislative Measures

Bill Summary

The statement includes a measure digest written in compliance with applicable readability standards. Digest: The Act changes how to calculate the fair market values of assets for some es- tates. (Flesch Readability Score: 67.5). Digest: The Act expands the list of estates that can use the simple estate process and changes how the values of those estates are added up. The Act also keeps the current probate filing fees for the new type of simple estates. (Flesch Readability Score: 70.4). Expands the types of estates that may use the simple estate process to administer a decedent’s es- tate. Modifies the calculation of fair market values of assets and retains application of the current probate filing fees for the new type of simple estates. Directs the State Court Administrator to adjust asset value limitations for the new type of simple estates annually for inflation. Modifies calculations of the fair market value of simple estate assets by excluding the values of manufactured homes from the asset limits for personal property and including the values of manufactured homes in the assets limits for real property.

AI Summary

This bill modifies the rules for simple estate administration in Oregon by changing how the fair market value of assets is calculated for estates. Specifically, the bill separates manufactured homes from other personal property when calculating asset limits for simple estate affidavits. Under the new law, up to $75,000 of personal property (excluding manufactured homes) and up to $200,000 of real property and manufactured homes can be included in a simple estate. The bill also provides a clear definition of a "manufactured home" as a movable residential structure built according to federal safety standards. For estates where the deceased left a will, the bill allows certain assets to be devised to a trust while still qualifying for the simple estate process. The fair market value of assets will be determined either at the date of death or within 45 days before filing the affidavit if the death occurred more than a year earlier. These changes will apply to estates of decedents dying on or after the effective date of the act, and the bill includes provisions for potential interactions with other pending legislation.

Committee Categories

Justice

Sponsors (4)

Last Action

Third reading. Carried by Mannix. Passed. Ayes, 50; Excused, 6--Andersen, Gamba, Levy B, Nguyen D, Nguyen H, Wallan; Excused for Business of the House, 3--Boice, McIntire, Speaker Fahey. (on 06/04/2025)

bill text


bill summary

Loading...

bill summary

Loading...

bill summary

Document Type Source Location
State Bill Page https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/SB15
Open Government Impact Statement for SB15 B https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureAnalysisDocument/92632
BillText https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureDocument/SB15/B-Engrossed
BillText https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureDocument/SB15/House%20Amendments%20to%20A-Engrossed
Staff Measure Summary for SB15 B (House) for the House Committee On Judiciary https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureAnalysisDocument/92467
Revenue Impact Statement for SB15 B https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureAnalysisDocument/92326
Fiscal Impact Statement for SB15 B https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureAnalysisDocument/92325
House Committee On Judiciary (2025-05-22) https://olis.oregonlegislature.gov/liz/2025R1/Downloads/ProposedAmendment/29316
House Committee On Judiciary (2025-05-22) https://olis.oregonlegislature.gov/liz/2025R1/Downloads/ProposedAmendment/29313
SB 15 A -A8, -A9, -A10, -A11 Preliminary SMS https://olis.oregonlegislature.gov/liz/2025R1/Downloads/CommitteeMeetingDocument/307027
IS_Impact SB 15 A11 https://olis.oregonlegislature.gov/liz/2025R1/Downloads/CommitteeMeetingDocument/307023
IS_Impact SB 15 A11 https://olis.oregonlegislature.gov/liz/2025R1/Downloads/CommitteeMeetingDocument/307020
IS_Impact SB 15 A10 https://olis.oregonlegislature.gov/liz/2025R1/Downloads/CommitteeMeetingDocument/307013
IS_Impact SB 15 A9 https://olis.oregonlegislature.gov/liz/2025R1/Downloads/CommitteeMeetingDocument/306957
IS_Impact SB 15 A9 https://olis.oregonlegislature.gov/liz/2025R1/Downloads/CommitteeMeetingDocument/306929
House Committee On Judiciary (2025-05-22) https://olis.oregonlegislature.gov/liz/2025R1/Downloads/ProposedAmendment/29280
House Committee On Judiciary (2025-05-22) https://olis.oregonlegislature.gov/liz/2025R1/Downloads/ProposedAmendment/29279
House Committee On Judiciary (2025-05-21) https://olis.oregonlegislature.gov/liz/2025R1/Downloads/ProposedAmendment/29277
House Committee On Judiciary (2025-05-21) https://olis.oregonlegislature.gov/liz/2025R1/Downloads/ProposedAmendment/29250
House Committee On Judiciary (2025-05-21) https://olis.oregonlegislature.gov/liz/2025R1/Downloads/ProposedAmendment/29249
House Committee On Judiciary (2025-05-21) https://olis.oregonlegislature.gov/liz/2025R1/Downloads/ProposedAmendment/29248
SB 15 A -A6, -A7, -A8 Preliminary SMS https://olis.oregonlegislature.gov/liz/2025R1/Downloads/CommitteeMeetingDocument/306746
IS_Impact SB 15 A8 https://olis.oregonlegislature.gov/liz/2025R1/Downloads/CommitteeMeetingDocument/306745
IS_Impact SB 15 A8 https://olis.oregonlegislature.gov/liz/2025R1/Downloads/CommitteeMeetingDocument/306744
IS_Impact SB 15 A8 https://olis.oregonlegislature.gov/liz/2025R1/Downloads/CommitteeMeetingDocument/306656
IS_Impact SB 15 A8 https://olis.oregonlegislature.gov/liz/2025R1/Downloads/CommitteeMeetingDocument/306655
SB 15 A -A6, -A7, -A8 Preliminary SMS https://olis.oregonlegislature.gov/liz/2025R1/Downloads/CommitteeMeetingDocument/306653
House Committee On Judiciary (2025-05-20) https://olis.oregonlegislature.gov/liz/2025R1/Downloads/ProposedAmendment/29219
House Committee On Judiciary (2025-05-20) https://olis.oregonlegislature.gov/liz/2025R1/Downloads/ProposedAmendment/29193
House Committee On Judiciary (2025-05-20) https://olis.oregonlegislature.gov/liz/2025R1/Downloads/ProposedAmendment/29192
House Committee On Judiciary (2025-05-19) https://olis.oregonlegislature.gov/liz/2025R1/Downloads/ProposedAmendment/29097
House Committee On Judiciary (2025-05-19) https://olis.oregonlegislature.gov/liz/2025R1/Downloads/ProposedAmendment/29096
SB 15 A -A6, -A7 Preliminary SMS https://olis.oregonlegislature.gov/liz/2025R1/Downloads/CommitteeMeetingDocument/305932
SB 15 A (witness registration) https://olis.oregonlegislature.gov/liz/2025R1/Downloads/CommitteeMeetingDocument/304844
House Committee On Judiciary (2025-05-07) https://olis.oregonlegislature.gov/liz/2025R1/Downloads/ProposedAmendment/28867
SB 15 A -A6, -A7 Preliminary SMS https://olis.oregonlegislature.gov/liz/2025R1/Downloads/CommitteeMeetingDocument/304485
House Committee On Judiciary (2025-05-07) https://olis.oregonlegislature.gov/liz/2025R1/Downloads/ProposedAmendment/28850
SB 15 A -A6 Preliminary SMS https://olis.oregonlegislature.gov/liz/2025R1/Downloads/CommitteeMeetingDocument/304322
Open Government Impact Statement for SB15 A https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureAnalysisDocument/88792
BillText https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureDocument/SB15/Senate%20Amendments%20to%20Introduced
BillText https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureDocument/SB15/A-Engrossed
Staff Measure Summary for SB15 A (Senate) for the Senate Committee On Judiciary https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureAnalysisDocument/88636
Revenue Impact Statement for SB15 A https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureAnalysisDocument/87841
Fiscal Impact Statement for SB15 A https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureAnalysisDocument/87831
SB 15 -3, -4, -5 Preliminary SMS https://olis.oregonlegislature.gov/liz/2025R1/Downloads/CommitteeMeetingDocument/295504
SB 15 -3, -4, -5 Preliminary SMS https://olis.oregonlegislature.gov/liz/2025R1/Downloads/CommitteeMeetingDocument/295292
Senate Committee On Judiciary (2025-03-19) https://olis.oregonlegislature.gov/liz/2025R1/Downloads/ProposedAmendment/26884
Senate Committee On Judiciary (2025-03-03) https://olis.oregonlegislature.gov/liz/2025R1/Downloads/ProposedAmendment/26614
SB 15 -3, -4 Preliminary SMS https://olis.oregonlegislature.gov/liz/2025R1/Downloads/CommitteeMeetingDocument/293071
IS_Impact SB 15 4 https://olis.oregonlegislature.gov/liz/2025R1/Downloads/CommitteeMeetingDocument/293065
Senate Committee On Judiciary (2025-03-03) https://olis.oregonlegislature.gov/liz/2025R1/Downloads/ProposedAmendment/26563
SB 15 -3, -4 Preliminary SMS https://olis.oregonlegislature.gov/liz/2025R1/Downloads/CommitteeMeetingDocument/292812
SB 15 (witness registration) https://olis.oregonlegislature.gov/liz/2025R1/Downloads/CommitteeMeetingDocument/292251
SB 15 -3 Preliminary SMS https://olis.oregonlegislature.gov/liz/2025R1/Downloads/CommitteeMeetingDocument/292011
Senate Committee On Judiciary (2025-02-24) https://olis.oregonlegislature.gov/liz/2025R1/Downloads/ProposedAmendment/26472
SB 15 (witness registration) https://olis.oregonlegislature.gov/liz/2025R1/Downloads/CommitteeMeetingDocument/288502
SB 15 Preliminary SMS https://olis.oregonlegislature.gov/liz/2025R1/Downloads/CommitteeMeetingDocument/288373
Open Government Impact Statement for SB15 INTRO https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureAnalysisDocument/84217
BillText https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureDocument/SB15/Introduced
Loading...