SB199 Alabama 2020 Session

Summary

Primary Sponsor

Greg AlbrittonSenator

Republican

Session

Regular Session 2020

Title

Estates, without heirs, escheats to state, judge of probate to pay one-half of amount over $250,000 to county where prohibited, remainder to State Treasurer, funds used for education purposes, Sec. 43-6-7 am'd.

Summary

SB199 would divert part of the proceeds from estates without heirs that exceed $250,000 to the county where probate happened, with the rest going to the State Treasurer for education funding.

What This Bill Does

Currently, funds from estates without heirs go to the State Treasurer for education. The bill adds a threshold: if an estate’s net proceeds exceed $250,000, the first $250,000 goes to the State Treasurer, and half of the excess goes to the county where the estate was probated, while the remaining excess goes back to the State Treasurer; all proceeds are to be used for education.

Who It Affects

• Counties where estates are probated would receive half of the net proceeds over $250,000 from such estates.
• The State Treasury (and Education funding) would receive the first $250,000 plus the remaining portion after the county’s share, with all funds dedicated to education purposes.

Key Provisions

• Distribution formula for estates without heirs with net proceeds exceeding $250,000: the first $250,000 goes to the State Treasurer; half of the excess goes to the county where the estate was probated; the remainder goes to the State Treasurer; all proceeds are to be used for education.
• Effective date: the act becomes effective on the first day of the third month after it is passed and approved by the Governor.

AI-generated summary using openai/gpt-5-nano on Feb 23, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Estates