This bill introduces two new chapters, Chapter 562-A and Chapter 507-I, aimed at preventing individuals convicted of homicide from profiting from their crimes. Chapter 562-A stipulates that individuals who intentionally and feloniously kill another person will forfeit all financial benefits from the decedent's estate, including provisions in wills, joint assets, life insurance, and beneficiary designations. If a decedent dies intestate, the estate will be distributed as if the killer had disclaimed their share. Additionally, any revocable benefits or appointments made by the decedent to the killer will be automatically revoked, and joint property will be severed into equal tenancies in common. The bill also outlines the accountability process for the killer and protections for payors and third parties who may inadvertently make payments to the killer.

Chapter 507-I addresses the proceeds of crime related to homicide, defining "profits from a homicide crime" as any property or income generated as a result of the crime. It mandates that entities contracting with individuals convicted of homicide notify the Department of Justice if payments exceed $10,000, which will then inform the decedent's estate or immediate family. The bill grants victims the right to bring civil actions to recover damages from convicted individuals or their representatives within three years of discovering any profits from the crime, with the requirement to notify the Department of Justice upon filing. The act is set to take effect on January 1, 2026, and is projected to have a fiscal impact of less than $10,000 for the fiscal years 2026 through 2028.