CS/CS/SB 262: Trusts
GENERAL BILL by Community Affairs ; Judiciary ; Berman
Trusts; Revising how an authorized trustee may exercise the power to invade principal as an authorized trustee administering a trust; providing that property devised to or from a revocable trust which is devised, given, or distributed to a donee by a settlor during the settlor’s lifetime is treated as a satisfaction of devise to that donee if certain criteria are met; providing that homestead property transferred by one or both settlor spouses to a community property trust will not be treated as a change of ownership for the purposes of reassessing the property, etc.
Senate Committee References:
- Judiciary (JU)
- Community Affairs (CA)
- Rules (RC)
Bill History
| Date | Chamber | Action |
|---|---|---|
| 1/14/2025 | Senate |
• Filed |
| 1/29/2025 | Senate |
• Referred to Judiciary; Community Affairs; Rules |
| 2/10/2025 | Senate |
• On Committee agenda-- Judiciary, 02/18/25, 4:00 pm, 110 Senate Building |
| 2/18/2025 | Senate |
• CS by Judiciary; YEAS 9 NAYS 0 |
| 2/20/2025 | Senate |
• Pending reference review under Rule 4.7(2) - (Committee Substitute) |
| 2/21/2025 | Senate |
• Now in Community Affairs |
| 3/4/2025 | Senate |
• Introduced • CS by Judiciary read 1st time |
| 3/6/2025 | Senate |
• On Committee agenda-- Community Affairs, 03/11/25, 4:00 pm, 37 Senate Building |
| 3/11/2025 | Senate |
• CS/CS by Community Affairs; YEAS 7 NAYS 0 |
| 3/12/2025 | Senate |
• Pending reference review under Rule 4.7(2) - (Committee Substitute) • Now in Rules • CS/CS by Community Affairs read 1st time |
| 3/14/2025 | Senate |
• On Committee agenda-- Rules, 03/19/25, 11:30 am, 412 Knott Building |
| 3/19/2025 | Senate |
• Favorable by- Rules; YEAS 25 NAYS 0 • Placed on Calendar, on 2nd reading |
| 3/25/2025 | Senate |
• Placed on Special Order Calendar, 03/27/25 |
| 3/27/2025 | Senate |
• Read 2nd time -SJ 277 • Read 3rd time -SJ 277 • CS passed; YEAS 36 NAYS 0 -SJ 277 • Immediately certified -SJ 279 |
| 3/27/2025 | House |
• In Messages |
| 4/28/2025 | House |
• Bill referred to House Calendar • Bill added to Special Order Calendar (4/29/2025) • 1st Reading (Committee Substitute 2) |
| 4/29/2025 | House |
• Read 2nd time • Placed on 3rd reading • Added to Third Reading Calendar • Read 3rd time • CS passed; YEAS 114, NAYS 0 |
| 4/29/2025 | Senate |
• Ordered enrolled |
| 6/18/2025 |
• Signed by Officers and presented to Governor |
|
| 6/20/2025 |
• Approved by Governor |
|
| 6/23/2025 |
• Chapter No. 2025-159 |
