The Senate Judiciary Committee heard SB 132 on wrongful death authored by Sen. Freeman and Sen. Sandlin. This bill originally required a policy or certificate of life insurance to pay the estate of an insured individual's spouse if the spouse would have been entitled to the proceeds of the insured individual's life insurance policy and the spouse was intentionally killed by the … [Read more...] about Wrongful death
Probate
Probate code study commission
The Senate Judiciary Committee heard SB 193 on probate code study commission authored by Sen. Sandlin and Sen. Freeman. The bill provides that the chief justice of the supreme court, or the chief justice's designee, is a nonvoting member of the probate code study commission (commission) and that eight affirmative votes are required for the commission to take final … [Read more...] about Probate code study commission
Small estates
On January 5, the Senate Judiciary Committee heard SB 67 on small estates authored by Sen. Lanane. The bill increases the value of estates that may be distributed via affidavit from $50,000 to $100,000. Increases the threshold for summary procedures for unsupervised estates from $50,000 to $100,000. The introduced version of this bill was prepared by the Probate Code Study … [Read more...] about Small estates
Uniform trust decanting act and trustee duties
The House Judiciary Committee heard HB 1205 on uniform trust decanting act and trustee duties authored by Rep. John Young. This bill allows a trustee of an irrevocable trust to appoint a successor trustee or multiple trustees and allows the trustee to allocate trustee powers to one or more trustees. It also enacts the Uniform Trust Decanting Act and creates a definition of decanting … [Read more...] about Uniform trust decanting act and trustee duties
Various probate and trust matters
The House Judiciary Committee heard HB 1208 on various probate and trust matters authored by Rep. John Young. This bill makes technical corrections to the law on health care advance directives, amends several provisions related to notices to be more consistent with the Rules of Trial Procedure, resolves inconsistencies in two sections of the chapter on dispensing with … [Read more...] about Various probate and trust matters