This bill introduces two new chapters to existing law: Chapter 562-A and Chapter 507-I. Chapter 562-A establishes that individuals convicted of murder forfeit all financial benefits from the victim's estate, including any revocable dispositions or appointments made by the decedent to the murderer. If the victim dies intestate, the estate will be distributed as if the murderer had predeceased the victim. The bill also requires any entity that contracts with a convicted murderer for payments related to the crime to notify the Department of Justice, which must inform the decedent's estate or immediate family to facilitate potential legal action for recovery of owed funds.

Chapter 507-I focuses on the proceeds of crime related to murder, defining "murder" and "profits from a murder." It mandates that any contracts or payments exceeding $10,000 related to profits from a murder must be reported to the Department of Justice, which will inform known victims. Victims are granted the right to file civil actions against convicted murderers to recover damages from profits derived from the crime, with a requirement to notify the Department of Justice upon filing. The bill clarifies that it does not limit the state's enforcement of criminal laws and allows for the determination of forfeiture related to murder proceeds at any time before the closure of the decedent's estate. The act is set to take effect on July 15, 2025.