Last Action | 04/15/24: Veto not acted upon, and Bill and Veto Message filed with Secretary of State |
---|---|
Title | AN ACT relating to trusts. |
Bill Documents |
Current/Final
Introduced |
Bill Request Number | 1924 |
Sponsor | M. Lockett |
Summary of Original Version | Amend KRS 386B.1-010 to add definitions; create new sections of Subchapter 5 of KRS Chapter 386B to permit the establishment of spendthrift trusts; establish rules for spendthrift trusts; amend KRS 386B.1-030, 386B.4-110, 386.175, 390.320, 394.035, and 394.640 to conform; repeal KRS 386B.5-010 to 386B.5-060. |
Index Headings of Original Version |
Property - Spendthrift trusts, establishment of Wills and Estates - Spendthrift trusts, establishment of Wills and Estates - Spendthrift trusts, protections for Attorneys - Trusts, spendthrift trusts, establishment of Taxation, Inheritance and Estate - Spendthrift trusts, establishment of Taxation, Inheritance and Estate - Spendthrift trusts, protections for |
Jump to Proposed Amendments |
House Committee Substitute 1 House Floor Amendment 1 Senate Floor Amendment 1 |
Votes | Vote History |
Governor's Veto Message | Veto |
02/26/24 |
|
---|---|
03/05/24 |
|
03/06/24 |
|
03/07/24 |
|
03/08/24 |
|
03/12/24 |
|
03/14/24 |
|
03/15/24 |
|
03/21/24 |
|
03/22/24 |
|
03/25/24 |
|
03/26/24 |
|
03/27/24 |
|
03/28/24 |
|
04/09/24 |
|
04/12/24 |
|
04/15/24 |
|
Amendment | House Committee Substitute 1 |
---|---|
Summary | Retain original provisions; make technical corrections. |
Index Headings | Technical Corrections - HB 771 |
Amendment | House Floor Amendment 1 |
---|---|
Sponsor | M. Lockett |
Summary | Retain original provisions, except provide that the standard of proof is a preponderance of the evidence; a perfected security interest on a spendthrift trust property shall be enforceable against the trust; provide time limits for claims of creditors against a settlor. |
Index Headings |
Property - Spendthrift trusts, creditor, cause of action, preponderance standard Property - Spendthrift trusts, creditor, cause of action, statute of limitations Wills and Estates - Spendthrift trusts, creditor, cause of action, preponderance standard Wills and Estates - Spendthrift trusts, creditor, cause of action, statute of limitations Taxation, Inheritance and Estate - Spendthrift trusts, creditor, cause of action, preponderance standard Taxation, Inheritance and Estate - Spendthrift trusts, creditor, cause of action, statute of limitations |
Amendment | Senate Floor Amendment 1 |
---|---|
Sponsor | J. Turner |
Summary | Retain original provisions, except provide that the creator of a spendthrift trust shall not be prevented, by will or other writing, from making other or different provisions using express, specific language to that end. |
Index Headings |
Property - Spendthrift trusts, express language Wills and Estates - Spendthrift trusts, express language Taxation, Inheritance and Estate - Spendthrift trusts, express language |
Last updated: 9/26/2024 1:37 PM (EDT)