Plain English Breakdown
Checked against official source text during the last sync.
Changes to Wills and Estates; Claims to Exempt Property
This act changes when family allowances, exempt property, or homestead allowances can be claimed and how real estate titles are affected by these claims.
What This Bill Does
- Extends the time for claiming a family allowance, exempt property, or homestead allowance from one year after death to one year after either probate of the will or qualification of an administrator if there is no will.
- Requires that any claim must be made in person before the court or recorded in writing with the court clerk's office.
- Protects a buyer who purchases real estate without knowing about these claims, unless the claim is officially recorded within one year after death.
Who It Names or Affects
- People making claims on estates
- Courts handling probate and administration of estates
- Real estate buyers
Terms To Know
- bona fide purchaser
- A person who buys property in good faith, without knowing about any existing claims against it.
- homestead allowance
- Money or property set aside to support a surviving spouse and children after someone dies.
Limits and Unknowns
- The bill does not specify what happens if the claim is made late.
- It's unclear how this change will affect existing claims that were made before the new law was passed.