JONES,LOU-WOOD-TURNER,JOHN-LANG AND LOPEZ.
Synopsis of Bill as introduced:
Amends the Probate Act of 1975. Provides that a person who is a
resident of the United States (instead of this State) is qualified to
act as administrator. Adds the qualification that the court must find
the person capable of providing an active and suitable program of
guardianship for a minor in order to be a guardian. Removes the
requirement that the guardian be a resident of this State. Removes
the provision that provides that if the minor resides out of the
State, the court may appoint the guardian without nomination.
Provides that the court may remove a representative if the
representative (instead of executor) becomes a nonresident of the
United States. Removes the provision that allows the court to remove
a representative if the administrator, administrator to collect,
guardian of the estate, or temporary guardian becomes a nonresident of
this State. Makes technical changes. Effective immediately.
There would be no increase or decrease in the need for the
number of judges.
FISCAL NOTE (Ill. Courts Administrative Office)
No fiscal impact on the Judicial Branch.
STATE MANDATES FISCAL NOTE
HB1619 fails to create a State mandate.
SENATE AMENDMENT NO. 1.
Adds reference to:
765 ILCS 305/3 from Ch. 30, par. 193
765 ILCS 305/4 from Ch. 30, par. 194
765 ILCS 315/1 from Ch. 30, par. 153
Amends the Statute Concerning Perpetuities. Defines "qualified
perpetual trust" as any trust to which, by its terms, the rule against
perpetuities does not apply and of which the trustee has the power in
the trust document or under any provision of law to sell, lease, or
mortgage property for any period of time beyond the period of the rule
against perpetuities. Provides that the rule against perpetuities
shall not apply to a qualified perpetual trust created by will or
inter-vivos agreement executed or amended on or after January 1, 1998,
or to such trusts created by exercise of a power of appointment
granted under instruments executed or amended on or after January 1,
1998. Amends the Perpetuities Vesting Act to exempt qualified
perpetual trusts from the provision that no person shall settle or
dispose of any real or person property in violation of the rule
Last action on Bill: PUBLIC ACT.............................. 90-0472
Last action date: 97-08-17
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 1
END OF INQUIRY
Full Text Bill Status