S.E.A. 265, P.L. 221 Effective: July 1, 2019 Defines "designated representative", "judicial proceeding", and "nonjudicial matter" for purposes of the trust code. Authorizes the establishment of legacy trusts. Prescribes the procedures for establishing a legacy trust and requirements for claims under a legacy trust. Provides that a court shall exercise jurisdiction over a legacy … [Read more...] about Various trust matters
Probate
Supported decision making
S.E.A. 380, P.L. 68 Effective: July 1, 2019 Requires that a person who files a petition for the appointment of a guardian for an incapacitated person or minor must inform the court what less restrictive alternatives were considered or implemented and, if less restrictive alternatives were not considered or implemented, the reason for the failure to consider or implement less … [Read more...] about Supported decision making
Probate matters
S.E.A. 518, P.L. 231 Effective: July 1, 2019; §3 effective May 5, 2019. Repeals the probate study subcommittee. Creates the probate code study commission. [§3] Allows a person to contest two or more wills if there is prima facie evidence that: (1) the decedent suffered from an irreversible medical or psychiatric condition that predated the earliest will to be challenged; or (2) … [Read more...] about Probate matters
Accounting by attorney in fact
The House Judiciary Committee heard SB 223 on accounting by attorney in fact, sponsored by Rep. Steuerwald. The bill provides that an attorney in fact is required to render and deliver a written accounting if requested by a person who jointly owns an account with the principal. The bill also provides that an attorney in fact may not render and deliver an accounting to the child of … [Read more...] about Accounting by attorney in fact
Various trust matters
For amend and vote only, the House Judiciary Committee heard SB 265 on various trust matters, sponsored by Rep. Steuerwald. The bill does the following: Defines "designated representative", "judicial proceeding", and "nonjudicial matter" for purposes of the trust code. Authorizes the establishment of legacy trusts. Prescribes the procedures for establishing a legacy trust and … [Read more...] about Various trust matters