HB 1260: Designated Beneficiary Agreements

Authorizes 2 competent, unmarried adults to execute a designated beneficiary agreement. Recognizes civil unions, domestic partnerships or marriages between persons of the same sex that are valid in another jurisdiction as designated beneficiaries if the parties otherwise meet the criteria in the act and are both present or residing in the state. Allows for property inheritance in the absence of a will, and allows the designated beneficiary to make medical and end of life arrangements.

 

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