Trusts and Estates
Ca. Trs. & Estates Quarterly VOLUME 31, ISSUE 1, 2025
Content
- THANK YOU TO OUR 2024 TRUSTS & ESTATES CONTRIBUTORS
- 2024 Legislation: New Laws That Trust and Estate Practitioners Should Know
- Chairs of Section Subcommittees
- Editorial Board
- Inside This Issue
- Letter From the Chair
- Letter From the Editor
- Litigation Alert
- McLe Self-study Article Navigating the Complexities of Fine Art and Collectibles For Fiduciaries
- McLe Self-study Article the Ending For California Residents? California Taxation of Incomplete Gift Nongrantor Trusts
- Tax Alert
- McLe Self-study Article Assembly Bill 2016: a Study of New Legislation
MCLE SELF-STUDY ARTICLE ASSEMBLY BILL 2016: A STUDY OF NEW LEGISLATION
Written by Lisa B. Roper, Esq. and Kristen E. Caverly, Esq.*
I. SYNOPSIS
On September 21, 2024, Assembly Bill No. 2016 (2023-2024 Reg. Sess.) ("AB 2016") was signed into California law, amending six sections and repealing one section of the Probate Code.01 As of April 1, 2025, as a result, California law authorizes transfers of a decedent’s primary residence valued at $750,000 or less (adjusted for inflation beginning April 1, 2028) by summary petition and without formal probate administration.02 AB 2016 amendments also exclude the value of real estate so transferred from the gross value of a decedent’s estate for purposes of a small estate affidavit.03 This article studies amendments to the Probate Code operation of these statutes post-enactment of AB 2016.