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
estates
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
Probate and guardianship matters
H.E.A. 1252, P.L. 184 Effective: July 1, 2021 Removes conflicts between probate and guardianship statutes regarding classification of claims. Requires, for purposes of the power of attorney act, that a principal may not be a minor. Creates a tenant's representative for a deceased tenant or a tenant who is under a guardianship and specifies who may accept an appointment as a … [Read more...] about Probate and guardianship matters
Various trust and probate issues
S.E.A. 50, P.L. 56 Effective: July 1, 2020 Makes various changes to trust and probate laws concerning proof of title affidavits, small estate affidavits, execution of a trust by a third party, silent trusts, nonjudicial settlements of accounts, and legacy trusts. The introduced version of this bill was prepared by the probate code study commission. Read the bill at: … [Read more...] about Various trust and probate issues