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1999 SESSION
HB 1996 Wills, estates and trusts; pour-over wills.
Introduced by: William J. Howell | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Pour-over wills. Limits Virginia's pour-over statute to deaths occurring prior to July 1, 1999, and replaces it with the 1991 version of the Uniform Testamentary Additions to Trust Act, which is now in force in 46 states. The surety requirement applicable to a nonresident trustee of a receptacle trust is eliminated, and the prohibition against pour-overs to trusts being administered by out-of-state banks is eliminated. The proposed bill allows a pour-over into a receptacle trust to be executed before, concurrently with or after the testator's death. The bill also recognizes posthumous trust amendments unless prohibited by the testator's will.
FULL TEXT
- 01/19/99 House: Presented & ordered printed 990430296 pdf
- 02/17/99 House: Bill text as passed House and Senate (HB1996ER) pdf
- 03/29/99 Governor: Acts of Assembly Chapter text (CHAP0252) pdf
HISTORY
- 01/19/99 House: Presented & ordered printed 990430296
- 01/19/99 House: Referred to Committee for Courts of Justice
- 01/22/99 House: Assigned to C. J. sub-committee: 2
- 01/29/99 House: Reported from Courts of Justice (24-Y 0-N)
- 02/01/99 House: Read first time
- 02/03/99 House: Read second time and engrossed
- 02/04/99 House: Read third time and passed House (Block Vote)(100-Y 0-N)
- 02/04/99 House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
- 02/04/99 House: Communicated to Senate
- 02/05/99 Senate: Constitutional reading dispensed
- 02/05/99 Senate: Referred to Committee for Courts of Justice
- 02/09/99 Senate: Assigned to C. J. sub-committee: Civil Law
- 02/10/99 Senate: Reported from Courts of Justice (15-Y 0-N)
- 02/11/99 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/11/99 Senate: VOTE: CONST. RDG. DISPENSED R (39-Y 0-N)
- 02/12/99 Senate: Read third time
- 02/12/99 Senate: Passed Senate (40-Y 0-N)
- 02/12/99 Senate: VOTE: PASSAGE R (40-Y 0-N)
- 02/17/99 House: Bill text as passed House and Senate (HB1996ER)
- 02/22/99 House: Enrolled
- 02/22/99 House: Signed by Speaker
- 02/23/99 Senate: Signed by President
- 03/18/99 Governor: Approved by Governor-Chapter 252 (effective 7/1/99)
- 03/29/99 Governor: Acts of Assembly Chapter text (CHAP0252)