Epic changes to EPIC numbers

By Doug Chalgian on February 28, 2024

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I don’t usually track or write about these things, and maybe everyone except me already knew this – but I was surprised to learn that many of the numbers that are important in the realm of estate administration have been freshened up.

To me, the Big Two are:

  • Transferring titles to vehicles via the Secretary of State is upped to $100,000 (from $60,000).
  • Parents or guardians of minors can receive $50,000 for the minor, without establishing a conservatorship (up from $5,000).

Honorable mention:  The upper limit for a small estate petition for assignment nearly doubles from $28,000 to $50,000.

More convenience for regular folk.

Less work for courts.

More opportunities for gifting to minors in the context of Medicaid divestment planning.

And probably more kids with small PI settlements (aka dog bites) being ripped off by their parents.

But everything has tradeoffs.

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mm By: Doug Chalgian
Doug Chalgian

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