SB 102

Abstract

Wills and trusts; tangible personal property;nonexoneration. Provides that if a trust instrument that was revocable,as defined in relevant law, immediately before the settlor's deathrefers to a written statement or list of items of tangible personalproperty and their intended recipients with reasonable certainty andis signed by the settlor, such written statement or list shall begiven the effect of a specific bequest although it does not satisfythe requirements for a trust instrument. The bill also provides thatreal or personal property that is the subject of a specific deviseor bequest in a trust instrument that was revocable immediatelybefore the settlor's death shall be passed without the right of exoneration.Under current law, the provisions that govern separate writing identifyingrecipients of tangible personal property apply only to wills, andthe provisions that govern the nonexoneration of a specific deviseor bequest of real or personal property apply only to wills and transferon death deeds.