On Wednesday, Governor Jerry Brown signed Senator John Moorlach's Senate Bill 1265 into law. The bill provides a much needed update to the California Probate Code and synchronizes it with the federal tax law. This change will add clarity and flexibility to the probate process, easing the burden on a surviving spouse when dealing with complex tax issues relative to the estate.
“I thank the Governor for signing my bill into law,” said Senator Moorlach (R-Costa Mesa). “One of my top priorities is creating a better future for California families. SB 1265 removes unnecessary red tape for surviving spouses as they attempt to settle an estate during a sensitive time in their life."
Senate Bill 1265 is the second bill authored by Moorlach to be signed by the Governor. SB 1265 greatly simplifies current law, enhancing access to the marital deduction trust for surviving spouses.