SB15 • 2025

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.

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor: Senator Thatcher, Senator Girod,, Smith DB,, Representative Reschke,
Last action: 2025-06-23
Official status: Chapter Number Assigned
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

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.

Digest: The Act changes how to calculate the fair market values of assets for some estates.

What This Bill Does

Digest: The Act changes how to calculate the fair market values of assets for some estates.
(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 estate.

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

2025-06-23 Senate
Chapter 342, 2025 Laws.
2025-06-23 Senate
Effective date, January 1, 2026.
2025-06-17 Senate
Governor signed.
2025-06-11 House
Speaker signed.
2025-06-10 Senate
President signed.
2025-06-09 Senate
Senate concurred in House amendments and repassed bill. Ayes, 30.
2025-06-04 House
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.
2025-06-03 House
Rules suspended. Carried over to June 4, 2025 Calendar.
2025-06-02 House
Rules suspended. Carried over to June 3, 2025 Calendar.
2025-05-29 House
Second reading.
2025-05-28 House
Recommendation: Do pass with amendments and be printed B-Engrossed.
2025-05-22 House
Work Session held.
2025-05-07 House
Public Hearing held.
2025-04-10 House
Referred to Judiciary.
2025-04-03 Senate
Third reading. Carried by Thatcher. Passed. Ayes, 28; Excused, 2--Gorsek, Woods.
2025-04-03 House
First reading. Referred to Speaker's desk.
2025-04-02 Senate
Carried over to 04-03 by unanimous consent.
2025-04-01 Senate
Second reading.
2025-03-31 Senate
Recommendation: Do pass with amendments. (Printed A-Eng.)
2025-03-19 Senate
Work Session held.
2025-02-24 Senate
Public Hearing held.
2025-01-27 Senate
Public Hearing held.
2025-01-17 Senate
Referred to Judiciary.
2025-01-13 Senate
Introduction and first reading. Referred to President's desk.

Official Summary Text

<b>Digest: The Act changes how to calculate the fair market values of assets for some estates. (Flesch Readability Score: 67.5).</b>
[<i>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).</i>]
[<i>Expands the types of estates that may use the simple estate process to administer a decedent's estate. 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.</i>]
<b>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.</b>
Relating to: Relating to simple estates.
Current location: Chapter Number Assigned

Current Bill Text

Read the full stored bill text

83rd OREGON LEGISLATIVE ASSEMBLY--2025 Regular Session
Enrolled
Senate Bill 15
Sponsored by Senator THATCHER; Senators GIROD, SMITH DB, Representative RESCHKE (Pre-
session filed.)
CHAPTER .................................................
AN ACT
Relating to simple estates; creating new provisions; and amending ORS 114.510.
Be It Enacted by the People of the State of Oregon:
SECTION 1.
ORS 114.510 is amended to read:
114.510. (1) A person who meets the requirements of ORS 114.515 may file a simple estate affi-
davit only with regard to an estate in which:
(a)(A) Not more than $75,000 of the fair market value of the estate is attributable to personal
property other than manufactured homes ; and
(B) Not more than $200,000 of the fair market value of the estate is attributable to the com-
bined fair market value of real property and manufactured homes ; or
(b) The decedent died testate and:
(A) Not more than $75,000 of the fair market value of the estate is attributable to specifically
devised personal property other than manufactured homes ;
(B) Not more than $200,000 of the fair market value of the estate is attributable to specifically
devised real property and manufactured homes ; and
(C) The balance of the fair market value of the estate is attributable to property that is devised
to the trustee of a trust of which the decedent was a settlor, as defined in ORS 130.010, and which
came into existence prior to the decedent’s date of death.
(2)(a) The fair market value of the estate under subsection (1) of this section shall be deter-
mined:
(A) As of the date of death; or
(B) If the date of death is more than one year before the date of filing of the affidavit, as of a
date within 45 days before the filing of the affidavit.
(b) In determining fair market value under this subsection, the fair market value of the entire
interest in the property included in the estate shall be used without reduction for liens or other
debts.
(3) As used in this section, “manufactured home” means a structure constructed for
movement on the public highways that has sleeping, cooking and plumbing facilities, that is
intended for human occupancy, that is being used for residential purposes and that was
constructed in accordance with federal manufactured housing construction and safety
standards and regulations in effect at the time of construction.
SECTION 1a.
If Senate Bill 168 becomes law, section 1 of this 2025 Act (amending ORS
114.510) is repealed and ORS 114.510, as amended by section 2, chapter 34, Oregon Laws 2025
(Enrolled Senate Bill 168), is amended to read:
Enrolled Senate Bill 15 (SB 15-B) Page 1
114.510. (1) A person who meets the requirements of ORS 114.515 may file a simple estate affi-
davit only with regard to an estate in which:
(a)(A) Not more than $75,000 of the fair market value of the estate is attributable to personal
property other than manufactured homes ; and
(B) Not more than $200,000 of the fair market value of the estate is attributable to the com-
bined fair market value of real property and manufactured homes ; or
(b) The decedent died testate and:
(A) Not more than $75,000 of the fair market value of the estate is attributable to personal
property other than manufactured homes that is specifically devised to devisees other than the
trustee of a trust described in subparagraph (C) of this paragraph;
(B) Not more than $200,000 of the fair market value of the estate is attributable to real property
and manufactured homes that is specifically devised to devisees other than the trustee of a trust
described in subparagraph (C) of this paragraph; and
(C) The balance of the fair market value of the estate is attributable to property that is devised
to the trustee of a trust of which the decedent was a settlor, as defined in ORS 130.010, and which
came into existence prior to the decedent’s date of death.
(2)(a) The fair market value of the estate under subsection (1) of this section shall be deter-
mined:
(A) As of the date of death; or
(B) If the date of death is more than one year before the date of filing of the affidavit, as of a
date within 45 days before the filing of the affidavit.
(b) In determining fair market value under this subsection, the fair market value of the entire
interest in the property included in the estate shall be used without reduction for liens or other
debts.
(3) As used in this section, “manufactured home” means a structure constructed for
movement on the public highways that has sleeping, cooking and plumbing facilities, that is
intended for human occupancy, that is being used for residential purposes and that was
constructed in accordance with federal manufactured housing construction and safety
standards and regulations in effect at the time of construction.
SECTION 2.
The amendments to ORS 114.510 by section 1 of this 2025 Act apply to es-
tates of decedents dying on or after the effective date of this 2025 Act.
SECTION 2a. If Senate Bill 168 becomes law, section 2 of this 2025 Act is amended to read:
Sec. 2. The amendments to ORS 114.510 by section [ 1] 1a of this 2025 Act apply to estates of
decedents dying on or after the effective date of this 2025 Act.
Enrolled Senate Bill 15 (SB 15-B) Page 2
Passed by Senate April 3, 2025
Repassed by Senate June 9, 2025
..................................................................................
Obadiah Rutledge, Secretary of Senate
..................................................................................
Rob Wagner, President of Senate
Passed by House June 4, 2025
..................................................................................
Julie Fahey, Speaker of House
Received by Governor:
........................M.,........................................................., 2025
Approved:
........................M.,........................................................., 2025
..................................................................................
Tina Kotek, Governor
Filed in Office of Secretary of State:
........................M.,........................................................., 2025
..................................................................................
Tobias Read, Secretary of State
Enrolled Senate Bill 15 (SB 15-B) Page 3