SB 1204 Summary

• Modifies probate procedure rules to govern formal proceedings under title 14, replacing "civil procedure" language with "probate procedure" and removing specific references to vacation of orders and appellate review.

• Makes penalty clauses in wills and trust instruments unenforceable if probable cause exists for contesting the will, trust, or instituting related proceedings or actions.

• Expands the definition of "mandatory distribution" in trusts to include distributions at stated ages, distributions pursuant to powers of withdrawal, and distributions on trust termination.

• Adds clarifying language to trustee reporting requirements, specifying that persons with only satisfied specific distributions are not considered qualified beneficiaries for reporting purposes (except for initial acceptance notice).

• Clarifies provisions regarding trustee powers to appoint trust property to other trusts, certification of trust documents, and the rights of persons relying on trust certifications.