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IA HF940
Bill
Status
3/26/2025
Primary Sponsor
Judiciary
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AI Summary
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Requires property holders with beneficiary designations to notify named beneficiaries (including charitable organizations) within 10 business days of learning of the property owner's death, informing them of their potential rights to the property
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Establishes an affidavit process allowing named beneficiaries to obtain property or information from holders by submitting a notarized statement containing the decedent's information, property description, and beneficiary contact details
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Protects property holders who deliver property in good faith reliance on affidavit information from liability, with a 30-day verification limit; allows beneficiaries to sue for property recovery if holders refuse delivery after 30 days, with potential penalties of $500-$10,000 plus attorney fees
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Authorizes spouses to amend premarital agreements after marriage through a written agreement signed by both parties, notwithstanding existing restrictions on contracts between spouses, subject to any limitations in the original agreement
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Applies premarital agreement amendment provisions to proceedings commenced on or after July 1, 2025
Legislative Description
A bill for an act relating to civil law, including providing notice to named beneficiaries in probate law, a process for named beneficiaries to obtain ownership of property held by others in probate law, and authorizing spouses to amend premarital agreements, and including applicability provisions. (Formerly HF 713.)
Last Action
Placed on calendar.
2/4/2026