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2001 SESSION
HB 2126 Estates in trust.
Introduced by: Roger J. McClure | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED:
Estates in trust. Removes the million dollar cap on trusts that are not subject to the debts of beneficiaries and provides that as to any claim for child support, no such condition (of the trust) shall operate to the prejudice of a judgment against a beneficiary for the support of the beneficiary’s child.
SUMMARY AS PASSED HOUSE:
Estates in trust. Removes the million dollar cap on trusts that are not subject to the debts of beneficiaries and provides that as to any claim for child support, no such condition (of the trust) shall operate to the prejudice of a judgment against a beneficiary for the support of the beneficiary’s child.
SUMMARY AS INTRODUCED:
Estates in trust. Modifies the provision that trusts of one million dollars or less are not subject to the debts of beneficiaries by increasing the exemption to the amount of the generation skipping tax exemption under the U.S. Internal Revenue Code.