Final answer:
House Bill 242 ensures that a child retains the rights of inheritance from their biological parents until they are legally adopted by another family, despite the termination of parental rights.
Step-by-step explanation:
House Bill 242 changed the child's rights of inheritance due to termination of parental rights. Now, a child retains rights of inheritance and other benefits associated with the parents until the child is adopted by another family. This legal provision ensures that children, despite the termination of parental rights for various reasons, remain eligible for the inheritance of their biological parents' assets unless they are legally adopted into a new family.
Without a will or trust, an individual is considered to have died intestate, and the distribution of their assets is then directed by state intestacy laws. These laws set a hierarchy of who gets what, including provisions for spouses, children, parents, siblings, and so on. House Bill 242 is significant as it modifies a portion of this process for children whose parents' rights have been terminated.