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Fiduciaries Generally

P Passed

P HB1734

Who to execute the trust until new trustee appointed. Corrects grammatical errors left in this section after the section was amended in 1998.
Patron - Howell

P HB2068

Statement in lieu. Revises provisions that allow personal representatives to file a statement in lieu of settlement of accounts in certain circumstances. The bill adds a requirement that six months must have elapsed since the personal representatives qualified. If the statement in lieu is not filed within the prescribed time the written notice must explain why the statement cannot presently be filed. If the commissioner of accounts determines that the reasons for not filing are not sufficient, the commissioner may require an interim account to be filed. This bill is a recommendation of the Judicial Council, acting on the recommendation of its Standing Committee on Commissioners of Accounts.
Patron - Howell

P HB2069

Commissioners of accounts. Provides that assistant commissioners of accounts who qualify after June 30, 2001, act only in such cases as the commissioner of accounts delegates. This bill is a recommendation of the Judicial Council acting on the recommendation of the Standing Committee on Commissioners of Accounts.
Patron - Howell

P HB2070

Bond of fiduciaries. Provides that when new or additional bond is ordered the fiduciary's execution can be made by the fiduciary's agent under a power of attorney. This bill is a recommendation of the Judicial Council, acting on the recommendation of its Standing Committee on Commissioners of Accounts.
Patron - Howell

P HB2613

Waiver of inventory and settlement for certain estates. Provides that when (i) a personal estate under the supervision and control of the personal representative or curator does not exceed $10,000 in value, (ii) the personal representative or curator does not have the power of sale over real estate, and (iii) an heir, beneficiary or creditor whose claim exceeds the value of the estate seeks qualification, the clerk shall waive inventory and settlement.
Patron - Watts

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