H.B. No. 0159            Uniform Trust Code amendments.

Sponsored by: BROWN

AN ACT relating to the Uniform Trust Code; providing for attachment of property in a trust by creditors or assignees of a holder of a power of appointment as specified; amending when a creditor or assignee of a trust beneficiary may reach or attach the interest of the beneficiary in a trust; providing that a married person who created a trust for his spouse shall not be treated as a settlor of the trust upon the death of his or her spouse; providing that a trust instrument may not be deemed revocable because of the settlor's receipt each year of income or principal from a grantor retained annuity trust or grantor retained unitrust as specified; and providing for an effective date.

Note: To view the Bill as prepared for Introduction please click the Bill Number Link above.

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