SB 404
Revises provisions relating to personal financial administration. (BDR 12-901)
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Bill overview
This bill revises provisions related to how personal financial matters are handled after someone dies, specifically focusing on trusts and estates. It aims to clarify the order in which administrators are appointed for intestate estates (estates where there’s no will), allows for more flexible appointment criteria, and increases the amount of estate assets that can be administered without court supervision. The bill also adjusts monetary limits for summary administration and modifies rules regarding actions against those handling estates, as well as trustee distributions and documentation requirements.
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Primary sponsor
Senate Committee on Judiciary
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