SUPERIOR Court Associate Judge Joseph N. Camacho denied a petition for partial distribution of financial assets, including the transfer of funds from the Estate of Antonia Camacho Sablan to the Estate of Manuel M. Sablan.
Judge Camacho on Monday said the amount ($93,524.83) constituting the family inheritance of Antonia C. Sablan from her father Juan Naog Camacho âshall pass as if Antonia C. Sablan had died intestate (without a will), in equal shares, to each of their nine children.â
These are the facts of the case:
1) Juan Naog Camacho (âJuanâ), the father of Antonia Camacho Sablan, died intestate on Sept. 2, 1970.
2) Antonia Camacho Sablan (âAntoniaâ) married Manuel Magofna Sablan (âManuelâ).
3 The key changes
to the
Estates Act are discussed below.
A Small Estate is Set at $150,000
A small estate will mean an estate that does not
exceed $150,000 in value. It should be noted that the introduction
of small estates will have no impact on the calculation of the
Estate Administration Tax (often called, probate fees )
under the
Estate Administration Tax Act
4 and the filing
requirement of an Estate Information Return within 180 days
following the grant of probate.
Simplified Probate Process for Small Estates
A new probate proceeding for small estates will be available to
Estate Trustees. The new procedures under the Rule 74.1