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WA HB2500
Bill
Status
1/15/2026
Primary Sponsor
Mike Volz
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AI Summary
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Requires holders of property (financial institutions, insurance companies, etc.) to notify charitable organizations within 10 business days when they are named as beneficiaries in nonprobate instruments like life insurance policies and retirement accounts following the owner's death
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Allows charitable organizations to claim designated property by submitting an affidavit with documentation including IRS determination letter, certificate of existence, and verification of the decedent's death
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Prohibits property holders from requesting personal identifying information (Social Security numbers, home addresses, financial information, background checks, etc.) from charitable organization employees or board members as a condition of transferring property
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Requires property holders to transfer property within 30 days of receiving a compliant affidavit, and prohibits requiring charities to open accounts or coordinating claims among co-beneficiaries
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Creates a private right of action allowing charities to sue for noncompliance, with courts authorized to award actual damages, civil penalties of $500-$10,000, court costs, and attorneys' fees within a one-year statute of limitations
Legislative Description
Protecting charitable organizations and ensuring the timely and secure transfer of property designated to them.
Last Action
Public hearing in the House Committee on Civil Rights & Judiciary at 8:00 AM.
1/28/2026