The House Judiciary Committee heard SB 18 concerning various probate matters sponsored by Rep. Torr and authored by Sen. Brown. The introduced version of this bill was prepared by the probate code study commission. The bill provides: The Committee adopted an amendment by consent that removes the requirement that a small estate affidavit be sent into the Medicaid unit and … [Read more...] about Various probate matters
trusts
Rule against perpetuities
The Senate Judiciary Committee heard HB 1209 on rule against perpetuities authored by Rep. Heine and sponsored by Sen. L. Brown and Sen. Johnson. The bill adds provisions regarding a second power of appointment, extends the period of time for which certain nonvested property interests are valid from 90 years to 360 years after the interest is created, and extends the period of time … [Read more...] about Rule against perpetuities
Rule against perpetuities
The House Judiciary Committee heard HB 1209 on rule against perpetuities authored by Rep. Heine. The bill adds provisions regarding a second power of appointment and extends the period of time for which certain nonvested property interests are valid from 90 years to 360 years after the interest is created. The bill further extends the period of time for which certain powers of … [Read more...] about Rule against perpetuities
Various probate matters
The Senate Judiciary Committee heard SB 18 authored by Sen. Liz Brown on various probate matters. This bill: The bill was amended by consent to provide: The Indiana State Bar Association Probate, Trust, and Real Property Section testified in support of the bill. The amended bill passed 11-0. Read the bill at https://iga.in.gov/legislative/2024/bills/senate/18 … [Read more...] about Various probate matters
Various probate and trust matters
S.E.A. 287, P.L. 38 Effective: July 1, 2023 The introduced version of this bill was prepared by the Probate Code Study Commission. … [Read more...] about Various probate and trust matters