Bill Status of SB 63   99th General Assembly


Short Description:  TRUSTS AND TRUSTEES-ACCEPTANCE

Senate Sponsors
Sen. Chris Nybo-Pamela J. Althoff

Last Action  View All Actions

DateChamber Action
  1/10/2017SenateSession Sine Die

Statutes Amended In Order of Appearance
760 ILCS 5/18.5 new

Synopsis As Introduced
Amends the Trusts and Trustees Act. Provides that by accepting a benefit under a trust instrument, the beneficiary admits the instrument to be a valid trust. Provides that a beneficiary of a trust may not accept a benefit under the instrument and at the same time set up a claim which is contrary to the substantive terms of the trust.

Senate Committee Amendment No. 1
Replaces everything after the enacting clause with the provisions of the introduced bill, and makes the following changes: (i) specifies that the provisions govern a person accepting a benefit under a trust instrument designed to achieve the effect of testation (instead of a "trust instrument"); and (ii) provides that exceptions applicable to the doctrine of election as applied to wills also apply to trusts.

Actions 
DateChamber Action
  1/15/2015SenateFiled with Secretary by Sen. Chris Nybo
  1/15/2015SenateFirst Reading
  1/15/2015SenateReferred to Assignments
  1/28/2015SenateAssigned to Judiciary
  2/18/2015SenatePostponed - Judiciary
  2/27/2015SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Chris Nybo
  2/27/2015SenateSenate Committee Amendment No. 1 Referred to Assignments
  3/3/2015SenateSenate Committee Amendment No. 1 Assignments Refers to Judiciary
  3/3/2015SenateSenate Committee Amendment No. 1 Adopted
  3/4/2015SenateDo Pass as Amended Judiciary; 011-000-000
  3/4/2015SenatePlaced on Calendar Order of 2nd Reading March 5, 2015
  3/10/2015SenateAdded as Chief Co-Sponsor Sen. Pamela J. Althoff
  10/8/2015SenateRule 2-10 Third Reading Deadline Established As October 20, 2015
  10/10/2015SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments
  1/10/2017SenateSession Sine Die

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