(at the request of Senate Interim Committee on Judiciary)
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Regular Sponsors:
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Bill Title:
Relating to small estates.
Catchline/Summary:
Permits affiant in small estate to open one or more deposit accounts in financial institution with funds of decedent upon which to withdraw funds to pay certain claims and expenses. Permits affiant in small estate to open one or more deposit accounts in financial institution with funds of decedent upon which to withdraw funds to pay certain claims and expenses.
Permits certain attorney affiants to convey real or personal property to third party for valuable consideration when heir or devisee entitled to succeed to conveyance fails or refuses to join in conveyance.
Provides that property conveyed by affiant is subject to liens and encumbrances against decedent or estate of decedent but is not subject to rights of creditors of decedent or liens or encumbrances against heirs or devisees of decedent.
Provides that filing and allowance of claim does not make claimant secured creditor.
Provides that financial institution is not liable to any other person for opening deposit account for affiant in small estate or for permitting affiant to withdraw funds from deposit account.
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SB 402
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