Bill Introduced

2025 Regular

Bill Summary

Revising how an authorized trustee may exercise the power to invade principal as an authorized trustee administering a trust; providing that property devised to or from a revocable trust which is devised, given, or distributed to a donee by a settlor during the settlor’s lifetime is treated as a satisfaction of devise to that donee if certain criteria are met; providing that homestead property transferred by one or both settlor spouses to community property will not be treated as a change of ownership for the purposes of reassessing the property, etc.

Subject

Some type of bill category

Sponsors

Last Action

01/14/25 S Filed on (1/14/2025)

Official Document