Bill would force timely notice and transfer of beneficiary-designated assets to charities House Bill 2500 would require holders of beneficiary-designated property to notify listed charities within 10 days of learning of a donor's death, accept a standardized affidavit, and transfer property within 30 days; charities and legacy officers urged passage while financial institutions warned of fraud and operational concerns.

A new bill could revolutionize how charities receive beneficiary gifts, ensuring timely transfers and protecting donor intent while balancing financial security.

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