The House Judiciary Committee heard SB 223 on accounting by attorney in fact, sponsored by Rep. Steuerwald. The bill 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. The bill also provides that an attorney in fact may not render and deliver an accounting to the child of … [Read more...] about Accounting by attorney in fact
trusts
Various trust matters
For amend and vote only, the House Judiciary Committee heard SB 265 on various trust matters, sponsored by Rep. Steuerwald. The bill does the following: 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 … [Read more...] about Various trust matters
Various trust matters
For amend and vote only, the Senate Judiciary Committee heard Sen. Head’s SB 265 on various trust matters. The bill does the following: defines "designated representative", "judicial proceeding", and "nonjudicial matter" for purposes of the trust code provides that a protective provision in a legacy trust prevents a creditor of the settlor from satisfying a claim from the se … [Read more...] about Various trust matters
Electronic powers of attorney, trusts, and wills
H.E.A. 1303, P.L. 40 Effective: July 1, 2018 Allows a testator to execute an electronic will. Specifies requirements pertaining to the: (1) creation; (2) attestation; and (3) execution; of an electronic will. Allows video recordings of an electronic will's execution to be used for demonstrating: (1) proper execution of a will; (2) testator intent; (3) the mental state of a testator; … [Read more...] about Electronic powers of attorney, trusts, and wills
Creditors’ rights
The House Judiciary Committee heard SB 247 concerning creditors’ rights sponsored by Rep. Steuerwald. The bill makes various changes to probate and trust law relating to creditors' claims, claims against non-probate transferees, and no contest provisions in wills and trusts and conforming changes. Testimony was presented by Rep. Koch in support of the proposed amendment which was a … [Read more...] about Creditors’ rights