Bill > SB5887

This bill, known as the Charitable Organizations Privacy Protection Act, establishes a new legal framework to protect charitable organizations during the transfer of property designated to them through beneficiary designations like life insurance policies, retirement accounts, and other nonprobate instruments. The bill requires property holders (such as financial institutions or insurance companies) to notify charitable organizations within 10 business days of being informed about the property owner's death and provides a clear process for charitable organizations to claim property through a detailed affidavit. The legislation prohibits property holders from requesting personal identifying information about employees or board members of charitable organizations and restricts holders from imposing additional conditions on payment, such as requiring co-beneficiaries to submit claims simultaneously. If a property holder fails to comply with these requirements, charitable organizations can bring a legal action in superior court to compel compliance, potentially receiving actual damages, court costs, a civil penalty between $500 and $10,000, and attorneys' fees. The bill aims to streamline property transfers to charitable organizations, protect their privacy, and ensure the intent of donors who designate charitable beneficiaries is fulfilled, while providing legal protections for both the charitable organizations and the property holders acting in good faith.

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https://app.leg.wa.gov/billsummary?BillNumber=5887&Year=2025&Initiative=false