Increases the value of a motor vehicle exempt from the provisions of a will or intestate distribution for the benefit of the family of a decedent

Bill A 8306 seeks to increase the value of a motor vehicle that can be set aside from a deceased person's estate for their surviving family. Currently, a surviving spouse or children can claim one motor vehicle valued up to $25,000, exempting it from the provisions of a will or intestate distribution. This bill raises that exemption limit to $50,000. It also allows the family to acquire a vehicle exceeding $50,000 in value by paying the estate the difference, or to receive up to $50,000 in cash if they elect not to take the vehicle.