Illinois General Assembly

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 Bill Status of SB1295  97th General Assembly


Short Description:  TRUSTS-VIRTUAL REPRESENTATION

Senate Sponsors
Sen. Kirk W. Dillard

House Sponsors
(Rep. Darlene J. Senger )

Last Action
DateChamber Action
  1/8/2013SenateSession Sine Die

Statutes Amended In Order of Appearance
760 ILCS 5/5.3
760 ILCS 5/16.1


Synopsis As Introduced
Amends the Trust and Trustees Act. Defines terms. Provides that an "unascertainable beneficiary" may be represented by and bound by another beneficiary having a substantially similar (instead of a substantially identical) interest on a particular question or dispute. Provides that if a trust beneficiary is an unrepresented minor or a disabled person, a parent of the beneficiary may represent and bind the beneficiary, provided that there is no material conflict of interest between the minor or disabled person and either of that person's parents on that particular question or dispute. Further provides that this representative may on a particular question or dispute represent and bind an unborn beneficiary or an unascertainable beneficiary who has an interest that is substantially similar to the interest of the minor or disabled person, but only if there is no material conflict of interest between the minor or the disabled person and the unborn or the unascertainable person. Makes other corresponding changes. Provides that conversion of a trust to a total return trust may be made with a trustee and all primary beneficiaries (instead of with a trustee and all beneficiaries and presumptive remaindermen beneficiaries) in accordance with other provisions of the Act. Provides that changes made apply to all trusts in existence on the effective date and to all trusts created after that date. Effective immediately.

Actions 
DateChamber Action
  2/8/2011SenateFiled with Secretary by Sen. Kirk W. Dillard
  2/8/2011SenateFirst Reading
  2/8/2011SenateReferred to Assignments
  2/23/2011SenateAssigned to Judiciary
  3/1/2011SenateHeld in Judiciary
  3/10/2011SenateDo Pass Judiciary; 007-000-000
  3/10/2011SenatePlaced on Calendar Order of 2nd Reading March 14, 2011
  3/29/2011SenateSecond Reading
  3/29/2011SenatePlaced on Calendar Order of 3rd Reading March 30, 2011
  3/31/2011SenateThird Reading - Passed; 055-000-000
  3/31/2011HouseArrived in House
  4/5/2011HousePlaced on Calendar Order of First Reading
  4/5/2011HouseChief House Sponsor Rep. Darlene J. Senger
  4/5/2011HouseFirst Reading
  4/5/2011HouseReferred to Rules Committee
  4/11/2011HouseAssigned to Executive Committee
  5/13/2011HouseCommittee Deadline Extended-Rule 9(b) May 20, 2011
  5/20/2011HouseFinal Action Deadline Extended-9(b) May 27, 2011
  5/27/2011HouseFinal Action Deadline Extended-9(b) May 31, 2011
  5/31/2011HouseRule 19(a) / Re-referred to Rules Committee
  1/8/2013SenateSession Sine Die

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