AZ LEG Trust, Estate Procedures

Published on: Apr 23, 2025

On Apr. 18, AZ LEG enacted bill on administration of trusts, estates.

  • AZ LEG enacted HB 2657 regarding the policies and procedures for trusts, estates.
  • Amends revised statutes AZ LEG 14-1201, AZ LEG 14-2302, AZ LEG 14-2402, AZ LEG 14-3716, AZ LEG 14-3718, AZ LEG 14-5101, AZ LEG 14-6102 and AZ LEG 14-10105.
  • Bill Provisions
  • Clarifies rules around digital wills and remote witnessing, ensuring electronic estate documents and virtual signings are valid if proper, established procedures are followed.
  • Provisions for children and dependents omitted from a will were clarified, including how and when they may still inherit, especially if the omission was perceived unintentional.
  • Updates statutory references regarding homestead allowances and nonprobate transfers, ensuring that beneficiaries' rights are properly applied under current law.
  • Improves voting rights of individuals under guardianship, documentation of capacity.
  • Refines trust administration rules by clarifying how multiple trusts can be combined or restructured and correcting language to better reflect their legal intent and practice.
  • Legislative History
  • On Jan. 28, 2025, bill was introduced in House; on Feb. 27, 2025, bill passed House.
  • On Mar. 6, 2025, bill was introduced in Senate; on Apr. 16, 2025, bill passed Senate.
  • On Apr. 16, 2025, bill transmitted to governor; on Apr. 18, 2025, governor signed bill.
  • Effectiveness
  • 90 days after legislature adjourns sine die; expected Apr. 26, 2025, so Jul. 25, 2025.
Regulators
AZ LEG
Entity Types
Fiduciary
Reference
Ch. 88, Bill HB2657, 4/18/2025; Citation: *AZ LEG* 14-1201, 14-2302, 14-2402, 14-3716, 14-3718, 14-5101,14-6102, 14-10105;
Functions
Compliance; Legal; Operations
Countries
United States of America
Category
State
N/A
Products
Wealth Mgt
Rule Type
Final
Regions
Am
Rule Date
Apr 18, 2025
Effective Date
Jul 25, 2025
Rule ID
251455
Linked to
N/A
Reg. Last Update
Apr 18, 2025
Report Section
US Consumer