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
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
Various trust and probate issues
The House Judiciary Committee heard SB 50 on various trust and probate issues for amend and vote. The bill is authored by Sen. Freeman and 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 o … [Read more...] about Various trust and probate issues
Various trust and probate issues
The Senate Judiciary Committee heard Sen. Freeman’s SB 50 on various trust and probate issues for amend and vote. The bill 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 bill was amended by consent to make … [Read more...] about Various trust and probate issues