Key facts: Oregon requires a 30-day statutory waiting period after death before probate can commence; estates valued at $50,000 or less qualify for small estate simplified procedures; full probate administration is required for estates exceeding the $50,000 threshold; court approval is typically required for property sales in formal probate; inherited property receives a stepped-up tax basis at the date of death; Transfer on Death deeds under ORS 86.795 can bypass probate if properly established before death.