MO SB1457

Charitable organizations named as beneficiaries of nonprobate transfers (insurance policies, retirement accounts, payable-on-death accounts, annuities) may present a notarized affidavit to property holders to claim inherited assets or obtain information about the property

Required affidavit documentation includes the organization's IRS 501(c)(3) determination letter, certificate of good standing from the secretary of state, proof of the decedent's death, corporate authorization, and IRS Form W-9

Property holders are prohibited from requesting personal information from charitable organization employees or board members, including Social Security numbers, driver's license numbers, or personal financial information

Property holders must verify the charitable organization's authority and transfer assets within 30 days of receiving a compliant affidavit, with good faith compliance providing liability protection

Charitable organizations may sue property holders who refuse to comply, with courts authorized to award damages, costs, penalties of $500 to $10,000, and reasonable attorney's fees if the holder acted unreasonably