Abuse and exploitation of an elder, effect of conviction on intestate succession, wills, joint assets, and other contractual obligations provided

SB 41 prevents convicted abusers of elders from benefiting financially from their victims. If someone is found guilty of elder abuse or financial exploitation of an elderly person, they lose the right to inherit under the victim's will, receive assets through intestate succession, or keep property held jointly with the victim. They also cannot collect benefits from life insurance policies, bonds, or other contracts where the victim was the beneficiary. The law applies to convictions for elder abuse/neglect or financial exploitation in the first or second degree, effective October 1, 2026. This directly affects individuals convicted of these crimes who would otherwise gain financially from the victim's estate or contracts.