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2012 SESSION

• | print version

SB 115 Wills, trusts, and fiduciaries; revising and recodifying laws.

Introduced by: Ryan T. McDougle | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Revision of Title 64.1.  Creates proposed Title 64.2 (Wills, Trusts, and Fiduciaries) as a revision of existing Titles 26 (Fiduciaries Generally), 31 (Guardian and Ward), and 64.1 (Wills and Decedents' Estates), as well as portions of Titles 37.2 (Behavioral Health and Developmental Services) and 55 (Property and Conveyances). Proposed Title 64.2 consists of 27 chapters divided into five subtitles: Subtitle I (General Provisions); Subtitle II (Wills and Decedents' Estates); Subtitle III (Trusts); Subtitle IV (Fiduciaries and Guardians); and Subtitle V (Provisions Applicable to Probate and Nonprobate Transfers). Subtitle I consists of title-wide definitions and provisions that are broadly applicable to wills, trusts, and fiduciaries. Subtitle II addresses the descent of property either through intestate succession or by will, including nonprobate transfers. Subtitle III contains various uniform acts enacted in Virginia dealing with the creation and management of trusts. Subtitle IV deals with various fiduciary relationships, including powers of attorney, guardianships of minors and incapacitated adults, and the commissioners of accounts. Subtitle V contains provisions that are applicable to both probate and nonprobate transfers. This bill has a delayed effective date of October 1, 2012. This bill is a recommendation of the Virginia Code Commission.

FULL TEXT

• 01/09/12  Senate: Prefiled and ordered printed; offered 01/11/12 12103113D  pdf
• 01/18/12  Senate: Printed as engrossed 12103113D-E  pdf
• 03/15/12  Senate: Bill text as passed Senate and House (SB115ER)  pdf | impact statement
• 04/04/12  Governor: Acts of Assembly Chapter text (CHAP0614)  pdf

AMENDMENTS

• Senate amendments

HISTORY

• 01/09/12  Senate: Prefiled and ordered printed; offered 01/11/12 12103113D
• 01/09/12  Senate: Referred to Committee for Courts of Justice
• 01/16/12  Senate: Reported from Courts of Justice with amendments (14-Y 0-N)
• 01/17/12  Senate: Constitutional reading dispensed (38-Y 0-N)
• 01/17/12  Senate: Motion to reconsider reading dispensed agreed to (40-Y 0-N)
• 01/17/12  Senate: Constitutional reading dispensed (40-Y 0-N)
• 01/18/12  Senate: Read second time
• 01/18/12  Senate: Reading of amendments waived
• 01/18/12  Senate: Committee amendments agreed to
• 01/18/12  Senate: Engrossed by Senate as amended SB115E
• 01/18/12  Senate: Printed as engrossed 12103113D-E
• 01/19/12  Senate: Read third time and passed Senate (40-Y 0-N)
• 02/13/12  House: Placed on Calendar
• 02/13/12  House: Read first time
• 02/13/12  House: Referred to Committee for Courts of Justice
• 02/16/12  House: Assigned Courts sub: #2 Civil
• 02/27/12  House: Subcommittee recommends reporting (8-Y 0-N)
• 02/27/12  House: Reported from Courts of Justice (18-Y 0-N)
• 02/29/12  House: Read second time
• 03/01/12  House: Read third time
• 03/01/12  House: Passed House BLOCK VOTE (99-Y 0-N)
• 03/01/12  House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
• 03/15/12  Senate: Enrolled
• 03/15/12  Senate: Bill text as passed Senate and House (SB115ER)
• 03/15/12  House: Signed by Speaker
• 03/17/12  Senate: Signed by President
• 04/04/12  Governor: Approved by Governor-Chapter 614 (effective 10/1/12)
• 04/04/12  Governor: Acts of Assembly Chapter text (CHAP0614)