The House Judiciary Committee heard SB 371, sponsored by Rep. Koch, on probate matters. The bill: permits residential property to qualify for homestead exemption if occupied by a beneficiary of a trust that holds legal title; requires inheritance tax returns to be filed with the State Department of Revenue instead of the county level, but without changing allocation of … [Read more...] about Probate matters
estates
Uniform Fiduciary Access to Digital Assets Act
The Senate Civil Law Committee heard Sen. Waltz’s SB 253 on uniform fiduciary access to digital assets. This bill enacts the Revised Uniform Fiduciary Access to Digital Assets Act of the National Conference of Commissioners on Uniform State Laws. The bill provides that a court may grant a guardian access to the digital assets of the protected person and that, under certain ci … [Read more...] about Uniform Fiduciary Access to Digital Assets Act
Probate matters
The Senate Civil Law Committee heard SB 371 on probate matters authored by Sen. Bray. The bill makes technical corrections and makes changes to transfers on death, priority of a personal representative and stepchildren with respect to control of disposition of a decedent’s body and funeral arrangements, certain inheritance tax duties, the filing of real estate exemptions, and the fi … [Read more...] about Probate matters
Claim deadlines
The House Judiciary Committee heard SB 65 concerning claim deadlines authored and presented by Sen. Holman. The bill amends provisions related to the time frame for barring claims filed against an estate and the statute of limitations on claims. These provisions would apply to estates when the decedent’s death occurred after June 30, 2015. An amendment was offered that provides a n … [Read more...] about Claim deadlines
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