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HB 413: Trusts

GENERAL BILL by Moraitis

Trusts; Deletes requirement that trust & its terms be for benefit of trust's beneficiaries; revises provisions relating to notice or sending of trust documents to include posting on secure electronic account or website; tolls specified limitations periods under certain circumstances; authorizes authorized trustee to appoint all or part of principal of trust to second trust or supplemental needs trust under certain circumstances; clarifies that certain knowledge by beneficiary does not cause claim to accrue for breach of trust or commence running of period of limitations or laches; provides retroactive application.

Effective Date: 7/1/2018
Last Action: 12/7/2017 House - Now in Judiciary Committee
Bill Text: PDF

Bill History

Date Chamber Action
10/24/2017 House • Filed
11/1/2017 House • Referred to Civil Justice and Claims Subcommittee; Judiciary Committee
11/29/2017 House • On Committee agenda-- Civil Justice and Claims Subcommittee, 12/06/17, 4:00 pm, Sumner Hall
12/6/2017 House • Favorable by Civil Justice and Claims Subcommittee; YEAS 9 NAYS 0
12/7/2017 House • Now in Judiciary Committee