Prohibits the acceptance of a waiver of probate form by transfer agents

This bill prohibits transfer agents (like banks and brokerage firms) from accepting "waiver of probate" forms. These forms are sworn documents heirs or beneficiaries used to claim assets directly without going through court-supervised estate procedures. The law requires all heirs to follow formal probate court processes to transfer assets after a resident's death, regardless of whether the waiver has a signature guarantee. It directly affects anyone inheriting assets in financial accounts who was a state resident at the time of death.