Iowa HF940 amends probate law to ensure named beneficiaries are notified of a decedent's death and provides a process for them to obtain property.

Iowa HF940 revises probate law to mandate that holders of property with a beneficiary designation notify each designated beneficiary within ten business days of the decedent's death, providing contact information. The bill allows a beneficiary to present an affidavit to obtain property or information, with the holder having 30 days to comply. Failure to do so allows the beneficiary to bring an action within one year, seeking damages, costs, penalties, and attorney fees. The bill also prohibits requesting additional personal information from the beneficiary.

Iowa HF940 amends probate law to ensure named beneficiaries are notified of a decedent's death and provides a process for them to obtain property.

Iowa HF940 revises probate law to mandate that holders of property with a beneficiary designation notify each designated beneficiary within ten business days of the decedent's death, providing contact information. The bill allows a beneficiary to present an affidavit to obtain property or information, with the holder having 30 days to comply. Failure to do so allows the beneficiary to bring an action within one year, seeking damages, costs, penalties, and attorney fees. The bill also prohibits requesting additional personal information from the beneficiary.