Bill > SB15

This bill amends Oregon Revised Statute (ORS) 114.510 to modify the requirements for filing a simple estate affidavit, which is a simplified probate process for handling small estates. The bill expands the definition of estate value to explicitly include manufactured homes in both the personal and real property calculations. Under the revised law, a person can file a simple estate affidavit if the estate has no more than $75,000 in personal property (excluding manufactured homes) and no more than $200,000 in combined real property and manufactured homes. For estates where the deceased left a will, similar value thresholds apply, with the added condition that any remaining estate value can be devised to a trust established by the decedent prior to their death. The bill also provides a precise definition of "manufactured home" as a movable residential structure constructed according to federal housing standards. These changes will apply to estates of decedents who die on or after the effective date of the act, and the bill includes a provision to handle potential interactions with another piece of legislation (Senate Bill 168).

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https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/SB15