SB 262: Trusts
GENERAL BILL by 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 community property will not be treated as a change of ownership for the purposes of reassessing the property, etc.
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Bill History
Date Chamber Action 1/14/2025 Senate • Filed
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SB 262, Original Filed Version (Current Bill Version) Posted 1/14/2025 at 5:14 PM
Bill Text: Web Page | PDF Analyses: None Citations - Statutes (6)
Citation Catchline Location in Bill Location In Bill Help 736.04117 Trustee’s power to invade principal in trust. Page 2 (pdf) 736.08125 Protection of successor trustees. Page 6 (pdf) 736.10085 Page 6 (pdf) 736.1110 Page 6 (pdf) 736.1502 Definitions. Page 7 (pdf) 736.151 Homestead property. Page 8 (pdf)