How Much Does An Estate Have To Be Worth To Go To Probate?

How Much Does An Estate Have To Be Worth To Go To Probate - Determine The Estate Value At Death

How much does an estate have to be worth to go to probate?

In this article, you’ll learn about: 

  • state-by-state probate thresholds
  • how to determine how much an estate is worth
  • if household items go through probate
  • what assets are not considered a part of an estate
  • what assets go through probate

Let’s dig in. 

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How Much Does An Estate Have To Be Worth To Go To Probate?

How much an estate has to be worth to go to probate varies by state. 

The thresholds range from $15,000 to $200,000. 

In some states, there is no specific threshold.

And alternative probate procedures depend on factors like:

  • the complexity of the estate 
  • the type of assets involved 

For exact probate requirements:

  • consult the probate laws in the relevant state 
  • seek legal advice from a probate lawyer

How Much An Estate Has To Be Worth To Go Through Probate For Each State

In this section, we provide tables detailing:

  • probate thresholds 
  • alternative procedures

The information is for all 50 U.S. states and the District of Columbia. 

These tables help clarify how much an estate has to be worth to go to probate in each state. 

Probate laws vary widely between states.

Knowing the specific regulations and alternatives is crucial when settling an estate

For the latest information, consult:

StateProbate ThresholdAlternative Probate ProceduresAdditional Notes or Conditions
Alabama$25,000Small Estate AdministrationApplies to personal property
Alaska$50,000 (real property), $100,000 (personal property)Small Estate AffidavitSeparate thresholds for real and personal property
Arizona$100,000 (real property), $75,000 (personal property)Small Estate AffidavitSeparate thresholds for real and personal property
Arkansas$100,000Small Estate AdministrationApplies to personal property
California$166,250Small Estate Affidavit, Spousal Property PetitionGross value of personal property, not including real property
Colorado$78,000Small Estate AffidavitApplies to personal property
Connecticut$40,000Small Estate AffidavitApplies to personal property
Delaware$30,000Small Estate AffidavitApplies to personal property
Florida$75,000 (excluding homestead)Summary AdministrationEstate value excludes homestead property
GeorgiaNo specific thresholdPetition for Year's Support, Small Estate AffidavitMay depend on specific circumstances of the estate
Hawaii$100,000Small Estate AffidavitApplies to personal property
Idaho$100,000Small Estate AffidavitApplies to personal property
Illinois$100,000 (excluding real property)Small Estate AffidavitApplies only to personal property, not real property
Indiana$50,000Summary AdministrationApplies to personal property
Iowa100,000Small Estate AffidavitApplies to personal property
Kansas$40,000Simplified Estate AdministrationApplies to personal property
Kentucky$15,000Small Estate AffidavitApplies to personal property
LouisianaNo specific thresholdSmall Succession, Affidavit of Small SuccessionMay depend on specific circumstances of the estate
Maine$20,000Small Estate AffidavitApplies to personal property
Maryland$50,000 (regular), $100,000 (if spouse is sole heir)Small Estate AdministrationApplies to personal property
MassachusettsNo specific thresholdVoluntary Administration (Small Estate)Estates with a value of up to $25,000 plus the cost of a funeral
Michigan$24,000Small Estate Administration, Summary ProceedingsApplies to personal property
Minnesota$75,000Collection of Personal Property by AffidavitApplies to personal property
Mississippi$50,000Summary AdministrationApplies to personal property
Missouri$40,000Small Estate AdministrationApplies to personal property
Montana$50,000Small Estate AffidavitApplies to personal property
Nebraska$50,000Small Estate AffidavitApplies to personal property
Nevada$25,000Summary Administration, Affidavit of EntitlementApplies to personal property
New Hampshire$25,000Small Estate AffidavitApplies to personal property
New JerseyNo specific thresholdAffidavit of Surviving Spouse or Next of Kin, Small Estate AffidavitMay depend on specific circumstances of the estate
New Mexico$50,000Small Estate AffidavitApplies to personal property
New York$50,000 (excluding real property)Voluntary Administration (Small Estate)Applies only to personal property, not real property
North Carolina$20,000 ($30,000 for a surviving spouse)Small Estate AdministrationApplies to personal property
North Dakota50,000Small Estate AffidavitApplies to personal property
OhioNo specific thresholdRelease from Administration, Summary ReleaseDepends on estate complexity, assets, and other factors
Oklahoma$200,000Summary AdministrationApplies to personal property
Oregon$275,000 (real property), $75,000 (personal property)Small Estate AffidavitSeparate thresholds for real and personal property
PennsylvaniaNo specific thresholdSmall Estate Petition, Short CertificateMay depend on specific circumstances of the estate
Rhode Island$15,000Small Estate AffidavitApplies to personal property
South Carolina$25,000Summary AdministrationApplies to personal property
South Dakota50,000Small Estate AffidavitApplies to personal property
Tennessee$50,000Small Estate AdministrationApplies to personal property
TexasNo specific thresholdIndependent Administration, Muniment of Title, Small Estate AffidavitDependent on complexity or other factors
Utah$100,000Small Estate AffidavitApplies to personal property
Vermont$10,000Small Estate AffidavitApplies to personal property
Virginia$50,000Small Estate Act, Affidavit for Collection of Personal PropertyApplies to personal property
WashingtonNo specific thresholdSmall Estate AffidavitMay depend on specific circumstances of the estate
West Virginia$100,000Small Estate AffidavitApplies to personal property
Wisconsin$50,000Summary Settlement, Transfer by AffidavitApplies to personal property
Wyoming$200,000Summary Procedure, Affidavit in Lieu of ProbateApplies to personal property

How To Determine The Estate Value At Death

To determine the estate value at death, follow these steps:

  1. Identify All Assets: Make a comprehensive list of the decedent’s assets, including real estate, bank accounts, investments, retirement accounts, vehicles, personal belongings, and any business interests.
  2. Obtain Date-Of-Death Values: Assess the fair market value of each asset as of the date of death. For real estate and valuable personal property like art or collectibles, consider hiring a professional appraiser. For financial accounts, obtain statements or contact the institutions to acquire the date-of-death balances.
  3. Calculate The Gross Estate Value: Add up the date-of-death values of all assets to find the gross estate value. This figure does not account for any debts or liabilities.
  4. Identify And Quantify Debts And Liabilities: List the decedent’s outstanding debts, such as mortgages, loans, credit card balances, and any unpaid taxes. Determine the amounts due at the time of death.
  5. Calculate The Net Estate Value: Subtract the total debts and liabilities from the gross estate value to arrive at the net estate value. This figure represents the value of the estate that may be subject to probate or estate taxes, depending on state and federal laws.

Remember that estate valuation can be complex.

Especially if the decedent owned a variety of assets or had significant debts. 

It’s recommended to consult with an:

  • estate attorney
  • accountant
  • financial advisor

This is to ensure accuracy and compliance with all applicable laws and regulations.

FAQs About How Much Does An Estate Have To Be Worth To Go To Probate

Here are other questions we get related to how much an estate has to be worth to go to probate. 

Do Household Items Go Through Probate?

Yes, household items generally go through probate.

This is because they are considered part of the decedent’s estate. 

But let’s say the items are:

  • of low value 
  • have been specifically bequeathed through a will or trust

They might not need to pass through the probate process.

What Assets Are Not Considered Part Of An Estate?

Assets not considered part of an estate typically include those:

  • with designated beneficiaries 
  • that are jointly owned

Examples of assets not considered a part of an estate are:

These assets pass directly to the beneficiaries or co-owners, bypassing the probate process.

What Assets Go Through Probate?

Assets that go through probate are those owned solely by the decedent without any designated beneficiaries or co-owners. 

Examples of assets that go through probate include:

  • individual bank accounts
  • real estate titled solely in the decedent’s name
  • personal property
  • certain types of investments

Assets that typically bypass probate are those:

  • with joint ownership
  • with designated beneficiaries
  • held in trusts typically bypass probate

Do Bank Accounts Have To Go Through Probate?

Bank accounts typically have to go through probate.

That is unless they:

  • are designated as payable-on-death (POD) accounts
  • held jointly with rights of survivorship
  • are part of a trust

These accounts automatically pass to the named beneficiaries or surviving joint account holders.

And these types of bank accounts don’t have to go through the probate process.

Get Help With Your Estate Going Through Probate

If you want the best estate planning attorneys to represent you, fill out the form below.

We have the experience needed to ensure that you, your assets, and your family are protected.

This means that you don’t wrongfully lose assets to creditors and lawsuits.

We also make sure that you reduce your tax liabilities and avoid probate when possible.

This means you and your family don’t get raked over the coals financially.

After you fill out the form below, we will set up your free consultation.

Talk soon.

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