The House Judiciary Committee heard SB 355 concerning various probate and trust matters sponsored by Rep. Koch. Author Sen. Steele introduced an amendment concerning attorneys in fact which was adopted by consent. As amended, the bill provides that a trust may incorporate by reference a document that exists at the time the trust is executed. The bill also specifies that funeral e … [Read more...] about Various probate and trust matters
Probate
Mid-Session: Probate Law
Bill No. Bill Title Committee 2nd Reading 3rd Reading Sponsor(s) SB 5 Uniform Powers of Appointment Act 1/22/15 Do Pass 1/26/15 Engrossed 1/27/15 Passed 50-0 Washburne SB 57 Accounts under a power of attorney 1/8/15 Do Pass –A 1/12/15 Engrossed 1/13/15 Passed 48-1 Cox, Steuerwald SB 65 Claim deadlines 1/27/15 Do Pass –A; 2/17/15 Do Pass –A 2/23/15 Engrossed 2/24/15 Passed 48-2 … [Read more...] about Mid-Session: Probate Law
Claim deadlines
The Senate Civil Law Committee heard Sen. Holdman’s SB 65 on claim deadlines. This bill removes provisions barring certain claims filed against a decedent’s estate more than nine months after the date of the decedent’s death. The amendment, adopted by consent, changes the deadline to either nine months or after two months have passed from the date notice is given to the creditor, whi … [Read more...] about Claim deadlines
Various probate and trust matters
The Senate Civil Law Committee heard Sen. Steele’s SB 355 on various probate and trust matters. This bill provides that a trust may incorporate by reference a document that exists at the time the trust is executed. It also specifies that funeral expenses and expenses of a tombstone are expenses of administration. The bill expands the definition of “person” under the probate code to i … [Read more...] about Various probate and trust matters
Legacy trust
The Senate Civil Law Committee heard SB 56, authored by Sen. Steele and Sen. Bray, on authorizing the establishment of legacy trust and prescribing the procedures for establishing one. This bill provides that a protective provision in a legacy trust prevents a creditor of the settlor from satisfying a claim from the settlor's interest in the trust estate when the settlor is also a … [Read more...] about Legacy trust