Environmental & Healthcare Legislative Watch50 States · D.C. · U.S. Congress
From official state and federal legislative records. Informational only, not legal advice.
Now law
This is now an official law, recorded in the state's law books.
The governor signed it. Nothing left to watch.
In plain words
AI summaryWritten by AI from the bill text. Check the official text before relying on it.
Fiscal Summary NOT SIGNIFICANT Bill Summary In an action under the Uniform Partition Heirs Property Act, present law requires the court to determine whether the property is heirs property. If the court determines that the property is heirs property and a cotenant seeks partition, then the property must be partitioned. This bill provides that the Uniform Partition Heirs Property Act does not apply to the sale of lands to pay debts. ELECTIVE SHARE Generally, present law authorizes the surviving spouse of an intestate decedent who elects against taking an intestate share, or a surviving spouse who elects against a decedent's will, to take an elective-share amount equal to the value of the decedent's net estate determined by the length of time the surviving spouse and the decedent were married to each other. However, the amount payable to the surviving spouse by the estate is reduced by the value of all assets includable in the decedent's gross estate that were transferred, or deemed transferred, to the surviving spouse or that were for the benefit of the surviving spouse but excluding the homestead allowance, exempt property, and year's support allowance. Reduction For the purpose of the reduction described in the prior paragraph, present law provides that the decedent's gross estate must be determined by the court in the same manner as for inheritance tax purposes. This bill removes this provision and requires, instead, that, for the purpose of such reduction, the decedent's gross estate must be determined by the court in the same manner as the gross estate is determined for federal estate tax purposes of the Internal Revenue Code, which is generally the value at the time of death. However, the value of any asset that would not have been part of the decedent's gross estate for inheritance tax purposes in this state must be excl
