Legal Question in Wills and Trusts in Oregon
probate qualifying amounts
what is the minimum estate amount that requires
probate in the stste of oregon.
1 Answer from Attorneys
Re: probate qualifying amounts
Oregon has separate limits for personal and real property. If a decedent leaves real property valued at over $90,000 or personal property valued at over $50,000 then the estate will need to be probated.
There are sometimes other reasons to probate an estate, even if the decedent does not have assets that exceed these limits. A probate will cut off all potential claims against the decedent. If an estate is not probated and there are outstanding claims against the decedent, those creditors can come after the heirs who received the decedent's assets.
Our office handles probates as well as small estate proceedings and would be happy to meet with you to determine whether a probate or small estate proceeding is appropriate. We offer a low cost initial consultation.