Report on the New Law with Official Comments by the Advisory Committee on Decedents' Estates ... PDF
Preview Report on the New Law with Official Comments by the Advisory Committee on Decedents' Estates ...
PROPOSED PENNSYLVANIA UNIFORM PRINCIPAL AND INCOME ACT AND OTHER PROPOSED AMENDMENTS REPORT OF THE ADVISORY COMMITTEE ON DECEDENTS’ ESTATES LAWS General Assembly of the Commonwealth of Pennsylvania JOINT STATE GOVERNMENT COMMISSION 108 Finance Building Harrisburg, Pennsylvania 17120 June 2001 The release of this report should not be interpreted as an endorsement by the members of the Executive Committee of the Joint State Government Commission of all the findings, recommendations and conclusions contained in this report. JOINT STATE GOVERNMENT COMMISSION ROOM 108 FINANCE BUILDING HARRISBURG, PA 17120-0018 717-787-4397 FAX 717-787-7020 E-mail: [email protected] The Joint State Government Commission was created by the act of July 1, 1937 (P.L.2460, No.459) as amended, as a continuing agency for the development of facts and recommendations on all phases of government for the use of the General Assembly. -ii- JOINT STATE GOVERNMENT COMMISSION, 2001-2002 OFFICERS Senator Roger A. Madigan, Chair Representative Jeffrey W. Coy, Treasurer _________________________________________________ EXECUTIVE COMMITTEE Senate Members House Members Robert C. Jubelirer Matthew J. Ryan President Pro Tempore Speaker David J. Brightbill John M. Perzel Majority Leader Majority Leader Robert J. Mellow H. William DeWeese Minority Leader Minority Leader Jeffrey E. Piccola Samuel H. Smith Majority Whip Majority Whip Michael A. O’Pake Michael R. Veon Minority Whip Minority Whip Noah W. Wenger David G. Argall Chair, Majority Caucus Chair, Majority Caucus Jack Wagner Mark B. Cohen Chair, Minority Caucus Chair, Minority Caucus Member Ex Officio Senator Roger A. Madigan Commission Chair _________________________________________________ David L. Hostetter Executive Director _________________________________________________ -iii- TASK FORCE ON DECEDENTS’ ESTATES LAWS Senate Members Stewart J. Greenleaf, Chair Jay Costa Charles D. Lemmond House Members Daniel F. Clark Michael C. Gruitza Michael K. Hanna -iv- ADVISORY COMMITTEE ON DECEDENTS’ ESTATES LAWS William McC. Houston, Esq. John J. Lombard, Jr., Esq. Chair Edwin L. R. McKean, Esq. Edward M. Watters III, Esq. Vice Chair Michael J. Mullaugh, Esq. Richard J. Ashby, Jr., Esq. Judge Edmund S. Pawelec Thomas A. Beckley, Esq. Richard L. Placey, Esq. Mark Bookman, Esq. William Campbell Ries, Esq. Ira B. Coldren, Jr., Esq. Bruce A. Rosenfield, Esq. William R. Cooper, Esq. Pam H. Schneider, Esq. Robert E. Diehl, Jr., Esq. K. L. Shirk, Jr., Esq. Judge Calvin S. Drayer Regina O. Thomas, Esq. Judge Roger M. Fischer Donald R. Waisel, Esq. Robert L. Freedman, Esq. Robert B. Wolf, Esq. Edward J. Greene, Esq. Judge Lawrence E. Wood Richard L. Grossman, Esq. C. Thomas Work, Esq. Neil E. Hendershot, Esq. Vincent X Yakowicz David J. Kaufman, Esq. Judge Paul R. Zavarella -v- -vii- jj CONTENTS Introduction ....................................................................................................... 1 Summary of Recommendations......................................................................... 3 Principal and Income Act .................................................................................. 5 Other Proposed Amendments ...........................................................................113 -ix-
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