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
trusts
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
Accounting by attorney in fact
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
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