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
Probate
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
Distribution of assets in closed estates
The Senate Judiciary Committee heard SB 66 on distribution of assets in closed estates authored by Sen. M. Young. The bill provides that property must be transferred within 90 days after an estate is closed. The bill was amended by consent to allow an heir to record the distribution decree from the court to get an asset that was not distributed by the personal representative. … [Read more...] about Distribution of assets in closed estates
2021 Legislative Session Digest
This is the final installment of the Legislative Update for the 2021 legislative session. This installment contains summaries of select bills of interest or portions of bills that were signed into law in the 2021 legislative session. Civil Civil immunity related to COVID-19 (S.E.A. 1, P.L. 1) Revised Uniform Unclaimed Property Act (S.E.A. 188, P.L. 141) Hospital and health … [Read more...] about 2021 Legislative Session Digest
Health care advance directives
S.E.A. 204, P.L. 50 Effective: July 1, 2021 Allows an individual to make a health care advance directive that gives instructions or expresses preferences or desires concerning any aspect of the individual's health care or health information and to designate a health care representative to make health care decisions and receive health information for the individual. Consolidates … [Read more...] about Health care advance directives