Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Trustee Release topic
No spam. Unsubscribe anytime.
Committee advances bill allowing trustees to be released via statutory protocol
Summary
House Bill 6011, which would permit trustees to use a statutory report-and-objection protocol for release instead of costly court accountings, was reported with recommendation after testimony from the sponsor and bank counsel.
The House Judiciary Committee reported House Bill 6011 with recommendation after hearing sponsor testimony and remarks from bank counsel. Representative Cernegloo (as recorded) described the bill’s statutory trust protocol: a trustee may send interested parties a report that includes net asset value, anticipated receipts/disbursements and remaining fees; if no party objects within the specified period the trustee is released as though a court had approved an accounting or parties signed a release.
Sponsor testimony said the regime would reduce cost and delay for corporate and individual trustees alike; the committee heard that the probate section of the bar requested moving the objection period from 45 to 90 days. Kimberly Snavely, senior counsel at PNC Bank (joining by video), told members similar statutes have been adopted recently in other states and that banks seek clarity on procedures.
A public commenter, Jody White, described a long-running probate dispute and urged additional rules and enforcement to address alleged misconduct by co‑trustees. The committee recorded the roll-call vote reporting HB 6011 with recommendation and noted some members recorded passes.
