Ending probates for profit.
What changed between versions
Expanded the list of people disqualified from being personal representatives to include beneficiaries, their registered domestic partners, and anyone related by blood, marriage, or adoption to either the beneficiary or the decedent.
Added a new section defining 'heir finders' and requiring their agreements with heirs to be in writing, filed with the court, and include specific disclosures about fees and services.
Modified the requirements for purchasing a beneficiary's interest to require the agreement to be signed by both the beneficiary and the transferee for value, and added a requirement for bold type disclosure of costs.
Established court powers to void unfair heir finder agreements, refuse distributions based on unreasonable fees, and order heir finders to pay up to three times the value of their share for willful violations.
Updated the definition of 'interested person' in the legal glossary to include 'beneficiary' alongside heirs, devisees, and legatees.