Updated 2011 Value Threshold for Alabama Small Estates


I have written about the 2009 amendment to the Alabama Small Estates Act that made it much more useful to Alabama probate attorneys. Specifically, the Act was amended to raise the dollar threshold from $3,000 to $25,000. Under the 2009 amendment, estates worth $25,000 can qualify for summary distribution under the Act.

The 2009 amendment also provided that the $25,000 threshold was to be indexed for inflation (tied to the Consumer Price Index). The Alabama State Finance Director is responsible for making the inflation adjustments and reporting to the probate court.

On April 5, 2011, the State Finance Director notified the probate judges that the adjustments have been computed. Here they are...

Please see full article below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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