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2001 SESSION
HB 2129 Joint ownership in real and personal property.
Introduced by: Roger J. McClure | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Joint ownership in real and personal property. Specifies that any personal or real property of a husband and wife that is held by them as tenants by the entireties and conveyed to their joint revocable or irrevocable trust, or in equal shares to their separate revocable or irrevocable trusts, shall have the same immunity from the claims of their separate creditors as it would if it had remained a tenancy by the entirety, so long as (i) they remain husband and wife, and (ii) it continues to be held in the trust or trusts. Under the existing law, this language only applies to the principal family residence, so long as all of the above conditions are satisfied and so long as the property continues to be their principal family residence.
FULL TEXT
HISTORY
- 01/10/01 House: Presented & ordered printed, prefiled 01/10/01 017132832
- 01/10/01 House: Referred to Committee for Courts of Justice
- 01/18/01 House: Assigned to C. J. sub-committee: 2
- 02/04/01 House: Tabled in Courts of Justice (22-Y 0-N)