The passage of AB361 in California has modified California’s Probate Code (§902). Beginning July 1, 2008, estate representatives must notify the Franchise Tax Board when an estate is opened for probate. Current law requires notification within 90 days by an estate’s representative only if a claim from the FTB is deemed “likely.”
The change in the law does not change the FTB’s ability to file claims against an estate.
Tags: Probate