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2018 SESSION

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HB 162 Proceeds of a sale, a partition suit, or condemnation proceeding; persons under a disability, etc.

Introduced by: R. Lee Ware | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED HOUSE:

Proceeds of a sale, a partition suit, or condemnation proceeding; persons under a disability; special needs trust. Increases the amount of funds that a court can distribute, without the intervention of a fiduciary, to a person under a disability who is the recipient of those funds pursuant to a suit for the sale or lease of lands, a partition suit, or condemnation proceedings. The bill further provides that such funds may be distributed to a special needs trust at the request of an appointed fiduciary or guardian ad litem of the person under a disability or upon the court's own motion.

SUMMARY AS INTRODUCED:

Proceeds of a sale, a partition suit, or condemnation proceeding; persons under a disability; special needs trust. Increases the amount of funds that a court can distribute, without the intervention of a fiduciary, to a person under a disability who is the recipient of those funds pursuant to a suit for the sale or lease of lands, a partition suit, or condemnation proceedings. The bill further allows such funds to be distributed to a special needs trust at the request of an appointed fiduciary of the person under a disability.