SB1457

Missouri SB1457 establishes procedures for charitable organizations to claim property designated as their beneficiary in non-probate instruments.

Missouri SB1457 sets forth provisions for charitable organizations to claim property designated as their beneficiary in instruments other than a will or trust. The bill mandates that the organization submit an affidavit within thirty days of delivery, accompanied by necessary documentation, including proof of tax-exempt status and good standing. The affidavit must detail the decedent's name, property description, and the organization's contact information. If the property holder fails to act reasonably, the organization can seek damages, costs, penalties, and attorney's fees.