Governor Brown signed Assemblyman Mike Gatto’s (D-Glendale) legislation to create a “Revocable Transfer on Death Deed,” which will save millions of households from probate and attorney’s fees. AB 139 simplifies the way Californians transfer real-property assets upon death through use of a simple form. The legislation will be the most affordable alternative available to hiring an estate-planning attorney or facing the daunting and bureaucratic probate process.
For these reasons, the Howard Jarvis Taxpayers Association said in committee, “Other than Prop. 13, there is no greater bill that we support than AB 139 for this year.”
“One of the primary roles of the legislature should be to simplify life for Californians,” said Assemblyman Gatto. “By helping homeowners avoid costly probate fees and unintended burdens on family members, AB 139 will do just that.”
More than twenty-five other states allow use of this tool. The measure had been introduced into the California State Legislature four times in the last ten years, but AB 139 marks the first time the bill has been passed by the legislature.
The bill took effect January 1, 2016.