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
trusts
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
Accounting by attorney in fact
S.E.A. 223, P.L. 151 Effective: July 1, 2019 Provides that an attorney in fact is required to render and deliver a written accounting if requested by a person who jointly owns an account with the principal. Provides that an attorney in fact may not render and deliver an accounting to the child of the principal, if a court has determined that the rendering and delivery of an … [Read more...] about Accounting by attorney in fact
Various trust matters
S.E.A. 265, P.L. 221 Effective: July 1, 2019 Defines "designated representative", "judicial proceeding", and "nonjudicial matter" for purposes of the trust code. Authorizes the establishment of legacy trusts. Prescribes the procedures for establishing a legacy trust and requirements for claims under a legacy trust. Provides that a court shall exercise jurisdiction over a legacy … [Read more...] about Various trust matters