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House Bill 1039


House Bill 1039

ARCHIVE (2009)

Latest Information

 

DIGEST OF INTRODUCED BILL


Comprehensive transfer on death act. Provides the method for determining the amount a joint owner or beneficiary of a protected person's multiple party account is entitled to receive from the protected person's estate when a guardian has used assets of the multiple party account. Authorizes individuals to designate beneficiaries to receive property, including real property, upon the death of the individual. Provides that the authorization is in addition to the transactions that become effective upon the death of the owner under current law. (The introduced version of this bill was prepared by the probate code study commission.)
Current Status:
 In Committee - first House
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