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.
Effective Date: Upon becoming a law
Last Action: 1/29/2025 Senate - Referred to Judiciary; Community Affairs; Rules
Bill Text: Web Page | PDF
Last Action: 1/29/2025 Senate - Referred to Judiciary; Community Affairs; Rules
Bill Text: Web Page | PDF
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 |