H.E.A. 1520, P.L. 79 Effective: July 1, 2017 Repeals statutes imposing the inheritance tax and providing exemptions from and deductions to the inheritance tax. (Under current law the inheritance tax does not apply to a property interest transferred by a decedent whose death occurs after December 31, 2012.) Repeals or removes provisions relating to probate court administration of the … [Read more...] about Repeal of obsolete inheritance tax provisions
estates
Probate and trust matters
The Senate Judiciary Committee heard HB 1407, sponsored by Sen. Bray and Sen Koch, on probate and trust matters. The bill makes various changes to probate and trust laws concerning contesting of wills, the size of unsupervised estates, authorization of certain acts by a trustee, and the consideration of the requests of de facto custodians and living parents of incapacitated persons … [Read more...] about Probate and trust matters
Probate and trust matters
The House Judiciary Committee heard Rep. Washburne’s HB 1407 which makes various changes to probate and trust matters concerning contesting of wills, the size of unsupervised estates, authorization of certain acts by a trustee, the consideration of the requests of de facto custodians and living parents of incapacitated persons in the appointment of guardians, and in custody o … [Read more...] about Probate and trust matters
Uniform Fiduciary Access to Digital Assets Act
S.E.A. 253, P.L. 137 Effective: July 1, 2016 Enacts the Revised Uniform Fiduciary Access to Digital Assets Act of the National Conference of Commissioners on Uniform State Laws. Defines "digital asset" as an electronic record in which an individual has a right or interest. Defines "custodian" as a person that carries, maintains, processes, receives, or stores a digital asset. … [Read more...] about Uniform Fiduciary Access to Digital Assets Act
Probate matters
S.E.A. 371, P.L. 190 Effective: §§1-31, 42 effective March 24, 2016; §§32-41 effective July 1, 2016 Provides that an individual otherwise qualified for certain property tax deductions for property that the individual occupies as a beneficiary of the trust that owns the property is not required to be considered the owner of the property under the rules of construction for the pro … [Read more...] about Probate matters