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Bill Watch, Jan. 17, 2017: Current Estate Planning & Administration Legislation of Note - Estate Planning and Administration News

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Estate Planning and Administration News


Posted on: Jan 17, 2017

The IndyBar Legislative Committee is currently monitoring the following estate planning and administration related legislation. IndyBar members can request that the Legislative Committee track specific legislation by contacting committee chair Lawren Mills at lawren.mills@icemiller.com.

Click here to view the full Bill Watch reports.

HB1107    ELECTRONIC SIGNATURES. (STEUERWALD G) Provides that a person may create an electronic will and an electronic trust document if certain conditions are met, and provides that a power of attorney (including a living will and health care power of attorney) may be signed electronically and created or stored in an electronic format. Makes conforming amendments.

SB167    PROBATE CODE STUDY COMMISSION. (ZAKAS J) Abolishes the probate study subcommittee. Establishes the probate code study commission (commission). Requires the commission to study and recommend to the general assembly changes that are needed in the probate code (IC 29-1), the trust code (IC 30-4), and other statutes affecting the administration of a decedent's estate, guardianships, probate jurisdiction, trusts, or fiduciaries. Provides for: (1) the governor to appoint 11 lay members, including two residents of Indiana who work in the trust department of a bank, trust company, savings institution, or credit union; (2) the president pro tempore of the senate to appoint three members from the senate; and (3) the speaker of the house of representatives to appoint three members from the house of representatives. Provides that a legislative or lay member serves a term of two years and may be reappointed to the commission. Provides for the president pro tempore of the senate to appoint a chairperson and vice chairperson in odd-numbered years and for the speaker of the house of representatives to appoint a chairperson and vice chairperson in even-numbered years.

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