Summary of the Introduced Bill

HB 644 -- Nonprobate Transfers

Sponsor:  Burton

This bill repeals the provision which automatically revokes a
beneficiary designation upon the divorce of the beneficiary and
the owner of the property.  The bill creates a presumption that
a subsequent divorce between a beneficiary and the owner does
not affect the beneficiary designation, unless the document
clearly states otherwise.


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Last Updated September 13, 2001 at 2:03 pm