On Mar. 29, MD LEG issued bill to amend interested person definition.
MD LEG issued bill SB 164 (HB 325), on estates, trusts, interested person definition.
Alter definition of interested person in MD LEG 1-101 for purposes provisions of law on estates of decedents, guardians of persons and property, trusts, powers of attorney.
Bill Provisions
Established legatee ceases to be interested person if interest has been fully adeemed.
Added as interested persons a surviving spouse who has timely filed an election to take an elective share and a person who timely files a petition to caveat a will.
Also, established that an assignee of a legatee or an heir is not an interested person.
Legislative History
On Jan. 10, 2024, bill was introduced in Senate; on Feb. 8, 2024, bill passed Senate.
On Feb. 9, 2024, bill was introduced in House; on Mar. 29, 2024, bill passed House.
Effectiveness
If enacted, bill SB 164 would become effective Oct. 1, 2024.
Apr. 2024 MD LEG Governor Approval
On Apr. 25, 2024, MD LEG reported bills SB 164 / HB 325 were approved by the governor, assigned Chapters 316 and 317, respectively; effective on Oct. 1, 2024.
