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GA HB1350
Bill
Status
Engrossed
3/15/2022
Primary Sponsor
Will Wade
Click for details
AI Summary
- Personal representatives of testate estates must send notice to all beneficiaries within 30 days of receiving letters testamentary or letters of administration, via certified mail, registered mail, or statutory overnight delivery with return receipt requested, informing them of the issuance and providing the representative's name, mailing address, and telephone number
- Within 60 days of issuance, the personal representative must file copies of all notices, return receipts, written waivers, and affidavits of diligent search (for unlocatable beneficiaries) with the probate court
- Personal representatives who fail to comply with notice requirements or fail to provide accurate contact information within 5 business days of a request by a beneficiary or the probate court may be cited to show cause why their letters should not be revoked
- "Beneficiary" is defined as a person or trust designated in a will to take an interest in property with a present interest (including vested remainder), excluding trust beneficiaries where a separate trustee exists; trust beneficiaries may be represented as provided under Code Section 53-7-50
- Expands the definition of "security account" under the Uniform Transfer on Death Security Registration to include investment management, advisory, agency, custody, and other security or trust accounts with financial institutions, as well as cash balances or property held as replacements for account securities
Legislative Description
Wills, trusts, and administration of estates; executors to send notices to beneficiaries regarding filing of petitions to probate wills; require
Last Action
Senate Passed/Adopted By Substitute
4/1/2022
Committee Referrals
Special Judiciary3/16/2022
Judiciary2/15/2022
Full Bill Text
No bill text available