Bill > SB289

This bill makes several significant changes to Missouri estate planning laws, focusing on four key areas. First, it modifies provisions regarding the transfer of a trust's principal place of administration, requiring trustees to provide at least 60 days' notice to qualified beneficiaries before moving a trust, including information about the new location and potential legal implications. Second, the bill adjusts statutes of limitations for legal actions against trustees, limiting the timeframe in which beneficiaries can commence proceedings for breach of trust. Third, the bill introduces comprehensive provisions for electronic wills and estate planning documents, allowing electronic signing and execution of various legal documents such as wills, powers of attorney, health care directives, and trusts, with specific requirements for authentication and validity. Finally, the bill includes provisions related to estate planning during the COVID-19 emergency, retroactively validating remote document executions that occurred between April 2020 and December 2021 under specific conditions, such as using video conference technology and meeting certain identification and witnessing requirements. These changes aim to modernize estate planning practices, provide more flexibility for document execution, and clarify legal procedures during extraordinary circumstances.

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https://www.senate.mo.gov/25info/BTS_Web/Bill.aspx?SessionType=R&BillID=202