Testamentary trustees; relief of duty to file an inventory or annual accounts. (SB711)

Introduced By

Sen. Richard Stuart (R-Westmoreland)

Description

Testamentary trustees; relief of duty to file an inventory or annual accounts. Provides that any trustee under a will of a decedent, whenever probated, shall be relieved of the duty to file an inventory or annual accounts with the commissioner of accounts if the will does not direct the filing of such inventory or accounts and the trustee (i) obtains the written consent of all adult beneficiaries and the consent of all incapacitated beneficiaries and (ii) files those consents with the commissioner on or before the date on which the inventory or next required accounting would otherwise be due. Currently, this relief is only available for trustees of wills probated on or after July 1, 2010. Read the Bill »

Outcome

History