A bill for an act relating to probate law, including providing notice to named beneficiaries and a process for named beneficiaries to obtain ownership of property held by others.

HF 713 simplifies how beneficiaries claim property like life insurance or retirement accounts after someone dies. It requires banks, insurers, and other property holders to notify named beneficiaries within 10 business days of the owner’s death and provide contact details. Beneficiaries can then submit a simple written statement (affidavit) confirming their claim, without needing to provide extra personal details like Social Security numbers. If property holders refuse to act within 30 days, beneficiaries can sue for the property or information, with courts able to award damages, penalties up to $10,000, and legal fees. This bill directly affects beneficiaries and financial institutions holding non-probate assets.