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2000 SESSION

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HB 1503 Tenants by the entireties; revocable trust.

Introduced by: Roger J. McClure | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Tenants by the Entireties; Trusts. Provides that the principal family residence of a husband and a wife that is held by them as tenants by the entirety and conveyed to their joint trust or equally to their separate trusts has the same immunity from the claims of their separate creditors as if it had remained a tenancy by the entirety.

SUMMARY AS PASSED HOUSE:

Tenants by the Entireties; Revocable Trust. States that revocable intervivos trusts involving husbands and wives my hold property as tenants by the entirely.

SUMMARY AS INTRODUCED:

Tenants by the Entireties; Revocable Trust. States that revocable intervivos trusts involving husbands and wives my hold property as tenants by the entirely.