How much does an estate have to be worth to go to probate in Oregon?
Two basic kinds of Probate in Oregon
In Oregon, you are able to settle a loved one’s estate in two ways depending on the size of the estate.
Small Estate Probate
Oregon has a simplified process for administering estates that have limited valuations. These estates can be settled with an Affidavit of Claiming Successor, also called a Small Estate Affidavit. In order to qualify, the assets must be:
Less than $200,000 worth in real estate
Less than $75,000 worth in personal property (including bank accounts and vehicles)
Less than $275,000 worth in total value
Normal Probate
For estates with the more than $200,000 in real estate or $75,000 in personal property, Oregon has a more formal probate process. This probate process is overseen by the court and can take 4 months to several years to complete.
Other types of Estate Administrations in Oregon
There are additional types of administrations for estates that have no regular assets. These probates are generally used for wrongful death claims but there are other reasons you may want to open a no asset estate.
If you have any questions, please feel free to contact us.
