This bill aims to revise and clarify various aspects of uniform laws related to trusts and probate. It specifically addresses the responsibilities of a personal representative concerning the inventory and appraisal of a decedent's property, and it provides clearer definitions and requirements for giving notice. Additionally, the bill clarifies the treatment of parties as qualified beneficiaries in charitable trusts and outlines the terms that affect the validity of nonjudicial settlement agreements.

Furthermore, the legislation stipulates that when modifying an irrevocable trust with the consent of qualified beneficiaries, a spendthrift provision in the trust instrument is not automatically considered a material purpose of the trust. The bill includes amendments to several sections of the Montana Code Annotated (MCA), specifically sections 72-1-103, 72-3-607, 72-38-109, 72-38-110, 72-38-111, and 72-38-411, to incorporate these clarifications and revisions.

Statutes affected:
HB0452_1.pdf: 72-1-103, 72-3-607, 72-38-109, 72-38-110, 72-38-111, 72-38-411
HB0452_2.pdf: 72-1-103, 72-3-607, 72-38-109, 72-38-110, 72-38-111, 72-38-411
Amended: 72-1-103, 72-3-607, 72-38-109, 72-38-110, 72-38-111, 72-38-411
Introduced: 72-1-103, 72-3-607, 72-38-109, 72-38-110, 72-38-111, 72-38-411