CHARITABLE ORG BFY-PROBATE

Summary

The Charitable Organization Beneficiary Act obligates anyone holding property that names a 501(c)(3) charity as a beneficiary in a non‑probate instrument (like an annuity or retirement account) to inform the charity within 30 business days of the owner's death. The charity can then submit a notarized affidavit to request the property, information about it, or both, and the holder must comply or face a lawsuit. The law also shields holders from liability when they rely in good faith on the charity’s affidavit.

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